ALGM had great earnings and has since calmed down from it a tad.At $46-ish seems like it has strong buying under it with that large candle on daily.
$48 is a conservative target and it could hit around and in the $50s.
Focus on RR and size, Powel next week SPY has lots of room.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.