ALGO - The One Dollar Hill
An inverse Head & Shoulders nearing completion, signaling a likely reversal into a bull run.
Wait for a candle to close above the neckline to confirm.
$1.00 is a significant psychological position for ALGO and I believe it is important to stay above the One Dollar Hill to see some big gains soon.
If the support fails then I imagine ALGO will drop back down to around $0.75 for a retest.
Buy: $1.10
Target: $1.35- $1.38
Stop Loss: $1.00
Reward/Risk Ratio: 2.5
Let me know what you think!
Wait for a candle to close above the neckline to confirm.
$1.00 is a significant psychological position for ALGO and I believe it is important to stay above the One Dollar Hill to see some big gains soon.
If the support fails then I imagine ALGO will drop back down to around $0.75 for a retest.
Buy: $1.10
Target: $1.35- $1.38
Stop Loss: $1.00
Reward/Risk Ratio: 2.5
Let me know what you think!
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