The price of Altair Engineering is moving in a clear uptrend-corridor. MACD looks optimistic, indicating no divergence and trend-reversal, but the RSI indicates overbought conditions and the moving averages are still pessimistic. I would go for a short-term long when the price is at its next swing-low inside the corridor or go for a very short-term short right now for 2 or 3 days.
VF Investment can not be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas. Please, maintain proper position sizing and risk management!
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.