Hello Community,
welcome to my new analysis about ALM from a daily timeframe perspective. In recent times, I have spotted interesting setups in the stock market that have the potential to be the origin of profitable trading opportunities. One of them is ALM, the stock recently formed an interesting formation with strong potential to increase momentum next.
Looking at my chart, we can see how ALM forms this descending wedge formation. Within this formation, it has already completed the wave count and bounced within the lower boundary of the formation. ALM also has support within the 300-EMA marked in green and the 200-EMA marked in grey.
From a global perspective, ALM is forming this descending wedge formation, which is essentially a bullish continuation formation in this case. The breakout above the upper boundary will finally complete this formation and activate the upper target zones. The MACD descending wedge also supports this scenario for the upcoming times.
In this manner, thank you a lot for watching!
The support is highly appreciated.
VP
welcome to my new analysis about ALM from a daily timeframe perspective. In recent times, I have spotted interesting setups in the stock market that have the potential to be the origin of profitable trading opportunities. One of them is ALM, the stock recently formed an interesting formation with strong potential to increase momentum next.
Looking at my chart, we can see how ALM forms this descending wedge formation. Within this formation, it has already completed the wave count and bounced within the lower boundary of the formation. ALM also has support within the 300-EMA marked in green and the 200-EMA marked in grey.
From a global perspective, ALM is forming this descending wedge formation, which is essentially a bullish continuation formation in this case. The breakout above the upper boundary will finally complete this formation and activate the upper target zones. The MACD descending wedge also supports this scenario for the upcoming times.
In this manner, thank you a lot for watching!
The support is highly appreciated.
VP
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Join Premium Channels: bit.ly/4bUD8N8
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Join Premium Channels: bit.ly/4bUD8N8
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.