ALI has been one of the most requested stocks over the past few days! Let’s see what the charts say about this stock as it continues to soar and emerge as one of the index favorites as of late! Join me in this post as we talk more about what trigged this upward price action of ALI and where the stock is headed!
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As the market hits 7,962, #ALI continues to be on a rampage after its breakout and after it reversed from bearish to bullish for the long term.
Where is the stock headed next?
After the breakout from 36.5, the stock turned bullish. Now the target prices for quick traders are as follows: 39.4 and 41.4 respectively. If ALI fails to break past those levels you may now take profits on the stock, if you are a quick trader, you may use this as reference points to sell.
For position traders on the other hand, the stock just turned bullish and we don’t have any sell signal in sight. Hold on to your positions first, I’ll keep you updated if there are any downward shifts in the trend. For the meantime, do not sell prematurely and do not sell just because your emotions are telling you to sell.