ALGN trade ideas
ALGN: Channel BreakoutChannel Breakout
TP1 @ 323
TP2 @ 338
TP3 @ 353
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$ALGN can rise in the next daysContextual immersion trading strategy idea.
Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner; and Scanners and Services.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $299,35;
stop-loss — $279,00.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Cup and Handle Rising Wedge Missed Earnings TodayEarnings were this afternoon and I think they missed badly Hard one to call because you know those stocks where it does not seem to matter if they miss?
By looking at chart, I think it will matter
Market seems to love this one, kinda like LULU APPF etc
Dentist offices have been closed until recently
I am thinking this one will open much lower, maybe since they missed by a mile..but you never know with market darlings like this one, they could get a pass
Net loss: ($40.6M) (-127.6%); non-GAAP net loss: ($27.6M)(-123.0%); loss/share: ($0.52) (-128.4%); non-GAAP loss/share: ($0.35) (-123.5%).
Due to continued pandemic disruptions, no guidance can be provided.
Just one to keep an eye on is all/May open under break out
ALGN: This chart is very similar to REGN up to this point. REGN took off after breaking out of a wave 4 ABCDE. Here is hoping ALGN does the same too. Wave 3 target is $540
ALGN May Break Out above $300Strong support to the downside. There is a long term resistance level around $290 and if investors can break free of that, then price will rocket 🚀
I wouldn't go long until we see a break at least above $291 level on higher volume than normal.
ALGN breakout anticipationPrice contracting above daily EMAs and underneath the 61.8. Once it breaks can test 127 fib
I Called this Stock on May 21st --> $307+ TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. Many analyst were against Align and warning people not to buy the stock. They said to shorten this or even cut losses when it was $235-$238 range. I went against what many people were saying looking at the overall charting patterns and potential for the stock. Coincidentally, around the same time, I was also into MBIO which I said would surpass $4.02. Align went up 10.82% today, while MBIO went up 10.41% today. Align went up 21.66% since I last called it, and MBIO went up 62.9% since I last called it (which I wish I kept a hold on instead of strategically trading, though the percentage growth would have been only slightly higher). This proves, that chart pattern trading and thorough analysis can be quite effective looking at positive correlations from time to time. These two calls are even less impressive when looking at other stocks I called prior, but I wanted to use them as an example. Align is still trending towards pattern expectancy. If it hits the crash at the $307 price, that would even be quite more impressive and would be interesting to see how it can wall out or potential upcoming resistance.
$ALGN can rise in the next daysContextual immersion trading strategy idea.
Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $235,98;
stop-loss — $226,15.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
ALGN: $307 Target Short than Expected CrashFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let us get into my insights. Lots of investors are putting strong sell calls on ALGN as analysts, but many people don't seem to understand that this primarily focused on long positions. ALGN is expected to be bearish if the Covid19 hit continues, but this isn't until after many weeks from now. A surge in demand is about to happen soon as dental offices will start opening. Right now, my expected target is that ALGN will climb up and soon cross the $300 price hold likely hitting $307. Afterwards, it is about to reach the resistance curve and will start having a negative correlation, possibly a steep one all the way to the price point of $182. It is a very volatile, stable growth stock w/ a high beta.
$ALGN Short!Im back at this, im back and better.
I think ALGN is going to go down due to some technical tools.
ALGN 6D XABCD 90% gains(STOCKS)before we kick start the update. your upvotes/subs are appreciated.
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So without further due. Keep it short/simple and to the point.
ALGN 6D XABCD 90% gains(STOCKS)
IMPORTANT NOTE: this is speculative setup.
results not guaranteed. do your own due dill.
at all times please use a stop loss.
ALGN 6days/candle chart, speculative XABCD setup,
point D completed at +90% gains
recommended strategy: MARKET BUY SL at last week
lows, TP +90%. keep in mind this is a speculative
setup, so use a tight SL.
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ALGN: A Leading Diagonal to start off wave 5.Another leg down tocomplete wave iv of this LD. Support can be expected at the Pivot point. A good place to add to one's position for the ride up sub (v) of the LD.
Align short tern trade setup
Above $195 with market strength could be a nice entryt point.
Upside targets as per flags.
ALGN Short Play $200 to $210I think there can be a play made either options or short term from $200 to right at about $209 seeing the ascending triangle forming. Then I would watch extremely close, if it breaks you can have some even larger gains, but I think at least it will make a sell off and maybe consolidate or bounce around in the 200-210 range once hitting $210. I would look for candle opening above $199 or buy on first retest.
Align technology on Monday watchlist $algn
Looking for a breakout above $200
with $213 as upside price resistance.
Trading conditions remain very indecisive so trade with care
ALGN - Short setup ALGN - Break 171.64 Would consider the $175.00 July puts (currently $26.75. Stop 184.13, First Target 153.17, Target 2 135.53, Third Target momentum.
Invisalign weekly - going downLong term support will hold around $200 but once that breaks this bearish trend will continue. Target 200, 160.
Long term short as CadYard got into the market GET IT DESIGNED
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Align Tech Trade setupEntry level $290 = target price $318 = Stop loss $281
Some very bullish price action has taken place recently, a major downtrend break and golden moving average cross
is hugely significant.
Indicators are very bullish and have a lot of room to run higher.
P/E ratio 58
Company profile
Align Technology, Inc. engages in the manufacture, design, and marketing of global medical devices. It operates through the Clear Aligner, and Scanner and Services segments. The Clear Aligner segment consists of invisalign full, teen and assist products, and vivera retainers along with training and ancillary products for treating malocclusion. The Scanner and Services segment comprises of intraoral scanning systems and additional services available with the intraoral scanners that provide digital alternatives to the traditional cast models. The company was founded by Zia Chishti, Brian Freyburger and Kelsey Wirth in March 1997 and is headquartered in San Jose, CA.
