ALAB had a big rise today into $180 resistance. This should be an area where a small pullback occurs or a further rise and then pullback into what will be $180 support. (Personally I'm leaning towards pullback above $180 rather than below)
Keep an eye on the major trendline as if ALAB gets too far away it will eventually want back to that trendline.
$304 is the next target. All Information Technology / Computer stocks are in the middle of the a big uptrend so this one has room to run.
Keep an eye on the major trendline as if ALAB gets too far away it will eventually want back to that trendline.
$304 is the next target. All Information Technology / Computer stocks are in the middle of the a big uptrend so this one has room to run.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.