Get started

ALGN

ALGN WCA - Cup and HandleCompany: Align Technology Inc. Ticker: ALGN Exchange: NASDAQ Sector: Healthcare Introduction: In today's analysis, we are examining Align Technology Inc. (ALGN) listed on the NASDAQ, a key player in the healthcare sector. The weekly chart shows us a potential bullish reversal in the form of a classic Cup and Handle pattern that has been taking shape over the past 448 days. Cup and Handle Pattern: The Cup and Handle pattern is a bullish continuation or reversal pattern that resembles a teacup with a handle on the right side. It is characterized by a rounded bottom, followed by a small pullback forming the handle. Analysis: Align Technology's previous trend was downward, depicted by the diagonal blue dashed resistance line. However, this downward trend appears to be interrupted by a Cup and Handle pattern, indicating a potential reversal to the upside. The horizontal neckline of the pattern is located at 367.91. The 200 EMA, currently at 348.74, is located near this horizontal neckline, underscoring the importance of this zone. The price is above the 200 EMA, signifying a bullish environment. In case of a successful breakout above the neckline, a long position may be considered. The price target in such a scenario would be 561.52, representing an estimated rise of 52.58%. Conclusion: Align Technology's weekly chart presents a promising bullish reversal setup. This setup, if confirmed by a breakout above the neckline, could offer an attractive long trading opportunity. Please remember, this analysis should form part of your overall market research and risk management strategy, and is not direct trading advice. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you successful trading! Best regards, Karim Subhieh Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
NASDAQ:ALGN
by KarimSubhieh
ALGN - Rising Trend Channel [MID TERM]- ALGN is in a rising trend channel in the medium long term. - ALGN has broken an inverse head and shoulders formation. - There is no resistance in the price chart and further rise is indicated. - In case of a negative reaction, the stock has support at approximately 300. - The RSI curve shows a rising trend, which supports the positive trend. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NASDAQ:ALGNLong
by wavepoint99
ALGN, We need more correctionHello guys According to the chart you can see the price is moving downward trend and it has need more correction to have good R/r then we have permission to take short position until the target. You should take signal at first then dont forget use stop loss and observe to your capital management. Take a look on volume guys dont forget to check it, And dont forget to risk free and manage your position. Everything is shown on chart, If you have question send us messages Good Luck Abtin
NASDAQ:ALGNShort
by Abtin00
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
NASDAQ:ALGNLong
by Tea-Trades
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
NASDAQ:ALGNShort
by Harry_Hood
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.
NASDAQ:ALGNShort
by gamer456148
ALGN 6D XABCD 90% gains(STOCKS)before we kick start the update. your upvotes/subs are appreciated. Why get subbed to to me on Tradingview? -15+ years real live trading experience -TOP Author on TradingView -professional chart break downs -key levels -no junk on my charts -frequent updates -covering FX/crypto/US stocks -24/7 uptime so constant updates 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. good luck traders! get subbed to stay tuned for all the latest updates. also add likes to support my efforts, thank you.
NASDAQ:ALGNLong
by ProjectSyndicate
3