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ALYA Potential Breakout
Long
ALYA Potential Breakout
By lukescomputers
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Nov 16, 2021
1
Nov 16, 2021
Reasoning:
Bullish ascending triangle formation
Large spike in volume as stock approaches resistance (bullish)
RSI hooking up
MACD indicating bullish reversal
Upgrade from Hold to Buy (Nov. 15)
Strong fundamentals; company has shown consistent growth in revenue over last four quarters. It is rapidly approaching a profitable state.
If ALYA closes at or above $3.00 with high relative volume, I will enter a position.
Stop loss @ $2.90, Target 1 @ $3.24
Potential to gap up, I would be weary if to enter at open if that happens.
Support and Resistance
Trend Analysis
Triangle
lukescomputers
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