Stock Traders Daily

(ALGN) Long Term Investment Analysis

Stock Traders Daily
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Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Align Technology Inc. (NASDAQ: ALGN) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for ALGN change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis. Here are some examples: if ALGN is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for ALGN too. All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for ALGN
  • Buy ALGN near 208.19 target 253.39 stop loss @ 207.59
  • Short ALGN slightly under 253.39, target 208.19, stop loss @ 254.12
Swing Trading Plans for ALGN
  • Buy ALGN slightly over 253.39, target 298.64, Stop Loss @ 252.66
  • Short ALGN slightly near 253.39, target 217.65, Stop Loss @ 254.12.
Day Trading Plans for ALGN
  • Buy ALGN slightly over 253.39, target 298.64, Stop Loss @ 252.8
  • Short ALGN slightly near 253.39, target 217.65, Stop Loss @ 253.98.

ALGN Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Neutral
P1 0 0 208.19
P2 213.13 211.82 253.39
P3 216.47 217.65 298.64

ALGN Long Term Analysis for October 19 2024

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