TRADING TIPS

ALGN- Can it Hold On?

Hubert Senters here. Let’s take a look at ALGN. Odd looking chart but when you do see it it’s interesting to pay attention to it. Now, you may not want to trade it. You may just want to watch it just this time but you see it got a massive uptrend. It had a gap up situation. Here’s the weird thing. There is this big gap that is going to have to fill at some point in time. It might do it this week. It might take a year to do so.  But when you look at this thing you got a bunch of different trades all over the place, You have a gap situation of a bracket trade. You got a bracket trade to both the upside with the close but no downside with no close. That’s interesting. You also have from run up from peak one to peak two. You got a nice little pullback here. And it’s attempting to take out the highs at like $476. You’re also right amidst the covid. Earnings just got played out last week. And then we’re in the middle of election so pay attention to this. It definitely has some weird vibes to it. But it acts like it wants to go vertical up if it can keep its composure here. Take a look at ALGN. Mark Helweg’s got a special webinar Wednesday, November 4th right after election day ladies and gentlemen ”The Simple Way to Trade These Complex Market Conditions.” It’s going to be Wednesday, November 4th at 8PM. Good luck. Hope it helps. See you on the next video. Hubert.

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