You should focus on: 1. The uptrend in long term of this chart and how price breaks the upper resistance zones powerfully. 2. In the present, how the price is slowly ending the downward trend and tries to penetrate to higher levels. Do not forget to free risk your transactions; When your trade is in profit, move stop loss higher and let the price grove.
A good ascending triangle chart pattern + price action can be a good reason to invest money on ALCX!