Watching $ALLO for a potential reversal
As long as $ALLO stays above the recent swing low, it looks primed for a move up towards the resistance level, given the oversold conditions and bullish 10-bar trend
- Oversold conditions with the last price 17.3% below SMA25,
- Bullish 10-bar trend,
- Rising volume over the last 5 bars
A daily close under 0.2446 breaks this setup and invalidates the long thesis
Are you buying this dip on $ALLO or waiting for a clearer signal?
As long as $ALLO stays above the recent swing low, it looks primed for a move up towards the resistance level, given the oversold conditions and bullish 10-bar trend
- Oversold conditions with the last price 17.3% below SMA25,
- Bullish 10-bar trend,
- Rising volume over the last 5 bars
A daily close under 0.2446 breaks this setup and invalidates the long thesis
Are you buying this dip on $ALLO or waiting for a clearer signal?