Price has climbed over a down trend line that can be continued to be plotted on the chart As the trend continues the rises can be seen in % to increase. We are now experiencing a point where price has climbed over the diagonal and is ready for an up move. Will it be more in % than the last one?
ALGT smashed earnings expectations and seem to accelerate EPS and Rev growth. The Valuation looks attractive and the price just touched its 200MA with volume. Watch out for SL. Watch out for volume as the stock is not highly liquid.
Buy a Daily Candle Close above the Range Top. Watch for a Failed Range Breakout. Use a 30m/1h time chart to watch if there is a Bearish bounce off Range Top. Breakout Candle Must Be 100% of the Average Volume For full-size position 75% of the Average Volume For ½ size position Stop Loss is 1.5 x ATR First Target is 1 x ATR (close ½ position 1st TP)
US regional airliner flying underserved routes - textbook head-and-shoulders.