ETrades1

ALLK Wedge breakout

Long
ETrades1 Updated   
NASDAQ:ALLK   Allakos Inc.
Price forming wedge/triangle with 200 Day MA acting as resistance. Break of 200 MA is a buy, I like the $77 level, but notice the gap at $82. Could look for price to fill gap and return to breakout level.
Comment:
Initial attempt to break 200 SMA failed, looks like its setting up again, if it clears $80, gap fills and finds support, I'd certainly be a buyer. A lot of 'If's' but I'll only buy it if it sets up right for me
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