On the chart, we can see an inverted head and shoulders been broken.
The current level is being tested, and we therefore expect a pullback to the neckline, where we will take our entry.
William Alligator implies continuation to the upside, after expected pullback.
Stop-loss, target and ROI are shown on the chart.
Good luck!
Reasoning:
Bullish ascending triangle formation
Large spike in volume as stock approaches resistance (bullish)
RSI hooking up
MACD indicating bullish reversal
Upgrade from Hold to Buy (Nov. 15)
Strong fundamentals; company has shown consistent growth in revenue over last four quarters. It is rapidly approaching a profitable state.
If ALYA closes...
Alithya Group, Inc. engages in the provision of information technology consulting services. Its caters financial services, manufacturing, energy, telecommunications, transportation and logistics, professional services, healthcare, and government sectors. It operates through the following geographical segments: Canada, USA, and Europe. The firm's services and...
