ALGN Align Technology looking oversold on the daily chart, MFI appears to be bottoming. Based on earnings track record, expecting another strong beat when earnings are released post-close today. If poor overall market conditions continue to weigh post-ER, major support is just below around $285 - limiting risk. *Take note this is a key holding of some major, well-respected hedge funds (i.e. Renaissance Technologies).
Targeting a return to $400 level by January.
Note: Informational analysis, not investment advice.
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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.