ALGN: Did incredibly well during the pandemic.Two gap up ER, with one gap and go took the stock from $300 to $600. Wave 3 of 5 is next. 1.618 extension should take this stock into the thousands.
ALGN trade ideas
ALGN, BREAKOUT COMING?Hello fellow traders and investors, here's another trade idea.
ALGN has recently formed a descending wedge, if ALGN makes a recovery it offers a 20% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
When To Buy:
When it breaks out of the wedge.
When To Sell:
I recommend selling at its previous high offering around a 20% ROI.
Fundamentals: Align Technology, Inc. engages in the design, manufacture, and market of orthodontics, restorative, and aesthetic dentistry products. ALGN has a P/E of 23, debt/equity of 0, sales growth Q/Q of 28%, an earnings per share growth Q/Q of 30%, an ROI of 55%, and insider transactions in the last 6 months are down 55%.
Rating: 80/100 since their technicals look good and their fundamentals as well it deserves 80/100 however the only reason I didn't rate them 100/100 is that they are in the healthcare business and I don't like trading any stock with affiliations to the healthcare industry however that is my personal opinion and if this setup meets your criteria feel free to add it to your watchlist.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
ALGN 🌦We call this pattern a regular flat Elliot Correction Wave. I think this looks ready for lift off!
Buy on Break-Out - ALGN [S] 11 February 2021ALGN
investing.com -> B SS SS SS S SB SB SB SB
Relative Volume: 1.07
Tested Fib Extension 2.618 twice
Monthly: Uptrend
Weekly: Uptrend
Daily: Uptrend
MA: Blue > Red
SStoch: Red > Black (Near OB)
MACD: MACD > Signal
RSI: 62.18 (Downwards)
Put/Call Ratio: 0.67
TF1D Break-out at 613
TF1H Confirmation: Green Volume
$ALGN with a bullish outlook following its earnings #BeststocksThe PEAD projected a bullish outlook for $ALGN after a positive under reaction following its earnings release placing the stock in Drift A
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ALGN gap fill?Watch this one, if it breaks $600 I think it fills teh gap.
Earnings were pretty solid, I would expect this to resume the uptrend after it fills the gap.
$ALGNEntry price : 526.42
Fundamentals :
- Sector: Medical - Medical Products
- EPS % Chg (Last Qtr): 52%
- EPS % Chg (Previous Qtr): -123%
- 3 Year EPS Growth Rate: 7%
- EPS Est % Chg (Current Yr): -18%
- Sales % Chg (Last Qtr): 21%
- Sales % Chg (Previous Qtr): -41%
- 3-Year Sales Growth Rate: 20%
- Annual Pre -Tax Margin: 25%
ALGNAlign Technology, Inc. is a global medical device company with industry-leading innovative products such as Invisalign clear aligners, iTero Intraoral scanners, and OrthoCAD digital services that help dental professionals achieve the clinical results they expect and deliver effective, cutting-edge dental options to their patients.
Approaching ATH
Stage 2/26wks/Sector 62% in stage 2
Earnings date 1/27 Beat est last 3 quarters
Risk 9%
12 wk base before gapping up
Forming new base with two 9% shakeouts
ALGN bullish setupSimple trade with good R:R - if we don't break recent low it could towards $538 mark.
H&S on daily chart for possible gap fill$ALGN looks like its forming a head and shoulders on the daily chart into a possible gap fill or at the very least it should retrace to the yellow trendline i drew. GL
ALGN showing weakness after a monster $100+ move on good ERALGN made a double top here. Looking for a drop to $424 once we break $438
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$ALGN Earnings Retest Bull Flag Forming$ALGN had a huge earnings gap a few days ago and, finally, it has returned to the base of that move. Buyers will have been waiting here for a LOOOONG time and if we can form a bull flag breakout higher, may just have the juice to kick off another big leg up again.
$ALGN Bullish sentiment after surprise earning results.$ALGN posted better than expected results, with the PEAD projecting a bullish outlook for the stock price, currently price is trading above the upper boundary of the projected cone.
Cup and Handle Ascending Triangle EARNINGS 10-21 AMC
Possible stop below handle low (HL) or mid cup which is 214,75
NV has decreased and was high in the low 300s which is close to break out
There is a possible bearish RW. (Actually several since the bottom) which ALGN has dipped out of briefly
A triangle which has not been clearly broken yet. If it does the upper trendline will become support. Right now it is R
Handle with care
If they do gr8 on earnings I am sure targets will be reached
Possible T2 438.6 to 470
We all have stocks we like and those we do not.
Not a recommendation
$ALGN time to short this stock.Even with the earnings ALGN put up there valuation is extremely stretched. I don't think there will be a ton of net buying to sustain this price point and therefore I believe the risk reward favors a short.
ALGN LongALGN going to break long term upside trend line.
First target 365
Second target 400
Stop 5%
ALIGN TECHNOLOGY Opinion DailyHey traders, ALIGN TECHNOLOGY is in a fake bearish push with a shadow of buyers on a large end-of-session sell volume and forward session. It is in full turnaround on the last lowest see the TIMEFRAME 1 Min, going up and breaking its trend support. Then breakout its zone of consolidation great possibility of joining the top of the other zone.
It corresponds to the next higher which is in the level of a very important support before a big fall afterwards follows.
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Keep watch for potential short $ALGNThere is a big bullflag here and just last week the stock bounced off the fib level indicating strong support. However, it looks like it could also roll over soon. Looking back at how this stock cycles quarterly, a drop would continue this trend. I am waiting for confirmation of falling out of the flag formation before shorting. This could easily continue upward momentum with broad market buying. If the market continues with a bearish trend, this would be a great short opportunity.
Target #1 - $270
Target #2 - $230
Target #3 - $130
