If ever there was a textbook example of a 5 wave impulse, this is it.
The beauty of the EWP is that one can use it for macro and micro forecasting.
Here, i look at the monthly chart of ALGN and one can see since listing, a textbook 5 wave advance from the 2002 low to the peak in 2022, make that a 20 year bull market.
What is even more interesting is that the big...
Bull move expected with the star emoji
This is a basic analysis comparing price action that is very similar at two different points, based on these similarities we can drawn conclusions on the next move
See how it plays out.
Hello guys
According to the chart you can see the price is moving downward trend and it has need more correction to have good R/r then we have permission to take short position until the target.
You should take signal at first then dont forget use stop loss and observe to your capital management.
Take a look on volume guys dont forget to check it, And dont...
Follow-up from previous post the fake breakdown and bad macro environment have sunk $ALGN even faster than I anticipated. It cut straight through the channel and who knows how low it'll go now.
ALGN is another pandemic darling that has been struggling lately. Since topping out it has setup a descending channel which led to a recent breakout and failed backtest taking it back into the channel. Mid-500s should be on deck unless declining volume is suggesting a trend change maybe after it kisses the channel bottom.
Hello,
as suggested in my former analysis of align I'm watching $650 level.
It looks like align crushed $650 and is now back in upward regression Channel. You might want to wait for confirmation or enter the trade immediately.
TP: ~$770 or +17%
Stop loss: ~$610 or -6%
Risk Reward ratio: 2.9:1
This is not financial advice.
Company: ALGN Align Technology, Inc.
Description: Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner: and Scanners and...
Hey,
NASDAQ:ALGN left the ascending Wedge to the downside and formed support at 580$.
Today it started an impulsive move upwards. I expect it to hit the lower border of the wedge at 650$.
This ist the level to watch. If it can defeat the resistance you might want to go long above 650$.
If it bounces off the support in northern direction you might wanna buy...
ALGN has been outpacing pretty much every major index on a monthly / weekly time frame. I expect this momentum to continue over the long run. Company has a significant economic moat and this could be turn into 1000+ quicker than you might think
Good RS day and RS rating. Volume has dried up on reversal days and we closed in the top 75%+ of the overall trading range for the day. This could be a start of a strong move upward as this is currently moving sideway but has made higher lows and higher highs. The 65MA is starting to curl upwards and would like the stock to hold the 23EMA.
Entry Point: on...
Similar to many other PEG candidates that reported last week. Need the range to tighten and volume to contract. Currently is extended and needs to digest PEG.
Not a good R/R candidate atm. Being patient here to get optimal R/R.
Align Technology has trended steadily higher for years. Now, it may be poised for a continuation to the upside after 4-1/2 months of consolidation.
The main pattern on ALGN’s chart is the ascending triangle with a top around $610. A breakout through that resistance zone could bring fence-sitters off the sidelines.
Second, notice the bullish price action around...
