ALGN Failed Breakout Back into Falling Wedge
ALGN is another pandemic darling that has been struggling lately. Since topping out it has setup a descending channel which led to a recent breakout and failed backtest taking it back into the channel. Mid-500s should be on deck unless declining volume is suggesting a trend change maybe after it kisses the channel bottom.
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Disclaimer
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.