ALGO - The One Dollar Hill
An inverse Head & Shoulders nearing completion, signaling a likely reversal into a bull run.
Wait for a candle to close above the neckline to confirm.
$1.00 is a significant psychological position for ALGO and I believe it is important to stay above the One Dollar Hill to see some big gains soon.
If the support fails then I imagine ALGO will drop back down to around $0.75 for a retest.
Buy: $1.10
Target: $1.35- $1.38
Stop Loss: $1.00
Reward/Risk Ratio: 2.5
Let me know what you think!
Wait for a candle to close above the neckline to confirm.
$1.00 is a significant psychological position for ALGO and I believe it is important to stay above the One Dollar Hill to see some big gains soon.
If the support fails then I imagine ALGO will drop back down to around $0.75 for a retest.
Buy: $1.10
Target: $1.35- $1.38
Stop Loss: $1.00
Reward/Risk Ratio: 2.5
Let me know what you think!
Disclaimer
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.