Technical indicators signal a Double Bottom forming. Verify the setup on the chart.
Reversal pattern after a downtrend.
Gradual reversal from bearish to bullish.
Technical analysis of Align Technology (ALGN) reveals a significant setup. With a last close of $167.01, volatility remains active (-0.73%). Price action has carved out a classic Double Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $190.97, targeting $216.44 with support near $178.24 (R:R 2.0).
What is your outlook on ALGN?