ALGN- H&S formation short from $259.33 to $173, $250 July Put ALGN seems forming a larger frame H&S formation and now falling down from its right shoulder. on the shorter frame it also seems breaking down an upward channel formation. It has great insider selling as high as 60% (11 million dollars). We think it has huge downside potential.
To paly this we could consider $250 July Puts
* Trade Criteria *
Date First Found- March 23, 2018
Pattern/Why- H&S formation short, Upward channel breakdown
Entry Criteria- $259.33
Exit Criteria- 1st Target $226.13 & 2nd Target $173.33
Stop Loss Criteria- $282.13
Indicator Notes- Twiggs money flow divergence
Special Note- Great insider selling as high as 60% (11 million dollars). Could consider $250 July Puts.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ALGN trade ideas
ALGN - H&S formation short from current price to 222.13 & 171.23ALGN still looks good as H&S Pattern. It seems declining forming its right shoulder. Money flow is declining.
We think it has good downside potential. To trade this we would consider $230 July puts @ $13.50
* Trade Criteria *
Date First Found- March 1, 2018
Pattern/Why- Possible H&S formation
Entry Target Criteria- From current price
Exit Target Criteria- 1st Target $222.13 and 2nd target $171.23
Stop Loss Criteria- $270.30
Indicator Notes- Twiggs money flow coming down sharp.
Special Note- We would consider $230 July puts @ $13.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ALGN - H&S formation short from current level to $171.23ALGN seems forming a H&S formation along with decent insider selling. We think it has good downside potential from current lebel.
To trade this we Could consider the $230 July puts which are currently $13.50.
* Trade Criteria *
Date First Found- February 21, 2018
Pattern/Why- Possible H&S formation
Entry Target Criteria- Current price
Exit Target Criteria- 1st Target $222.13 and 2nd target $171.23
Stop Loss Criteria- $264.30
Indicator Notes- Twiggs money flow heading down
Special Note- Could consider the $230 July puts which are currently $13.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ALGN ready for more upsideOption play for 2018
Align Technology, Inc. (NASDAQ:ALGN) has a $19 billion market cap, a P/E of 73 and is up 153% this year-to-date. And it makes braces for your teeth.
With the U.S. market booming, China has just begun.
Daily Oscillator and indicators showing the beginning of a new uptrend.
Moving in a bullish cloud and trying to go futher higher.
Possible plays:
Waiting for a little pullback before buying the first Call options with first target $250
sold everything todayit's pretty obvious the support for this one has been waning for a while, was lucky to stick with it this long before bailing for a profit. I would suggest whoever reads this to do the same if they've been holding a position. It has to correct itself at some point, even if this day doesn't represent the trend to come in the next few weeks
Ride the trend, my friend =)As we see, there is a very long trend with small consolidations.
Interesting is, entry and exit of consolidation is the same price (marked with blue and teal arrows).
Setup: I want to ride that incoming long wave. In the past the breakouts were at least 10-15 up to 40 and more USD.
Entry trigger: If price drops to entry level of consolidation, thats when I pull the trigger. Since we are chasing higher ATH here, it is hard to predict where we will end up, so I will go with an trailing stop as soon as we are even.
Good luck and remember:
Only trade what YOU agree. I am not a wizard, able to foresee the future!
$ALGN Nice stock, nicer pullback. I like this one outside the downward diagonal trendline .
Earnings are coming pretty fast so don't forget that fact.
I was hoping for a bigger drop but support seems pretty decent in that area with the red POC 5.71% and two Tim West Key Option Levels ( KOL -1.44% ) in the support area .
Note that one of the KOL -1.44% is actually hidden by the POC 5.71% as they share the same level.
The stock will do what it needs to do but I would not be surprised to see the stock ramp up along the edge of the lower Linear Regression channel.
The yellow area will be my stop-loss area.
Since ALGN -0.70% are selling items like the Invisalign braces, they might be a lot more "Tweet-Resistant" than many of the other healthcare suppliers Trumps likes to torment slowly one Tweet at a time.