I am currently neutral about ALGO while EngineeringRobo remains bearish. If you are currently holding ALGO, you should hold and watch activity careful, as the candles have just touched the resistance level. If it breaks up and candles open+closes above the 0.33 resistance level, you should continue to hold. If it breaks down and open closes below the 0.33 line, you should sell to avoid loss.
If you're looking to buy your options are:
- Wait for EngineeringRobo buy signals. - Buy if the candles open and close above the 0.33 resistance level.
If you buy with EngineeringRobo buy signals you can sell with EngineeringRobo sell signals. Alternatively, you can sell at the uptrend resistance level.
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