Thoughts on #ALGO
$ALGO looks bullish to me. It's about halfway through a potential inverse head and shoulders on the 2H, with the head near $0.107 and the neckline around $0.121-$0.123. I expect a strong reversal once the right shoulder forms properly, ideally with a higher low near $0.115.
A break and hold above the neckline would confirm the pattern and open the way toward the $0.134 area for $ALGO . It would also help if the VWAP is pushed into bullish territory.
$ALGO looks bullish to me. It's about halfway through a potential inverse head and shoulders on the 2H, with the head near $0.107 and the neckline around $0.121-$0.123. I expect a strong reversal once the right shoulder forms properly, ideally with a higher low near $0.115.
A break and hold above the neckline would confirm the pattern and open the way toward the $0.134 area for $ALGO . It would also help if the VWAP is pushed into bullish territory.