Altair Engineering witnessed a strong rebound after violating the major peak 92.92 - 93.70. This pushed the stock to continue rising and violate the minor resistance level at 98.38. The confirmation of that breakout, by closing above 98.38 for 2 trading sessions, will confirm the current uptrend, triggering further rises towards 102.50 - 108 - 112.65 - 118.
The stop-loss lies below 95.10.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
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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.