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.

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