Technical indicators signal a Rounding Bottom forming. Verify the setup on the chart.
Gradual reversal from bearish to bullish.
Bearish continuation if preceding move was down.
A clear signal has emerged for Align Technology (ALGN) on the daily chart. Currently at $170.6, the asset is showing downward momentum (-1.23%). Algorithmically, a Bearish Flag structure has completed. Volume is average (0.76x avg) with moderate trend strength (11.5). A potential breakout level is identified at $162.27, targeting $118.04 with support near $183.34 (R:R 2.1).
What is your outlook on ALGN?