$Aligos Therapeutics, Inc.(ALGS)$
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π₯π― $ALGS: From Volume Boom to Price Zoom β $40 in Sight! ππ₯
Kia ora Tiger traders!
Letβs break down $ALGS, a chart thatβs screaming potential. My target? π― $40, and hereβs the map to get there:
π π Ώπ °πππ ΄ππ ½ Momentum Awakens β MACD Magic
π‘ Check the yellow circle at MACD. Itβs above the zero line with a sharp attack angleβmomentum is officially on the march! This is the first time in a long time weβve seen this alignment. π
π RSI Leading the Pack
π RSI is higher now than it was on 16 May 2023, when the stock peaked at $45-$47. Translation? The price looks ready to follow this RSI βbreadcrumb trailβ to similar highs. π
π Volume Explosion β A Roar not Heard in Years
π This six-week grouping has shattered previous records, with higher volume than during the last $45 spike. When volume speaks this loud, itβs worth listening. ππ£π¦»π§ββοΈ
π’ Moving Averages Setting the Stage
With most moving averages below the current price and curling upward, the 150SMA at $26.60 is the next checkpoint. A close above this level would light the runway toward $40. π¦
π°π¨ Latest Buzz on $ALGS
π’ Recent presentations at The Liver Meeting 2024 showcased Aligos Therapeuticsβ advancements in liver treatments, boosting investor confidence. (Source: markets.businessinsider.com)
π₯ BCβs Call to Action
With all indicators flashing green, $ALGS is a stock worth watching. Momentum, volume, and news are converging like a perfect stormβis $40 the next port of call?
Happy trading ahead! Cheers, BC πππ
@Tiger_comments @TigerObserver @TigerStars @TigerPM @Daily_Discussion @TigerPicks @TigerGPT
Comments
The movement of Aligos Therapeutics, Inc. (ALGS) can be attributed to several factors:
Earnings Preview: Alico Inc is expected to post a loss of 40 cents per share. The estimated revenue for the period ending September 30, 2024, is expected to decrease by 41.2% compared to the previous year. (Source: markets.businessinsider.com)
Capital Flow: The stock has experienced a total inflow of 4.60 million and an outflow of 3.37 million in the past day. This indicates some significant movement in capital flowing in and out of the stock. (Source: TigerGPT)
Analyst Recommendation: There are 2 analysts forecasting a target price for ALGS. The mean target estimate is $67.50, with a low estimate of $60.00 and a high estimate of $75.00. (Source: TigerGPT)
It is important to note that the above factors might not fully explain the stock's movement. Other factors, such as market sentiment and overall industry conditions, can also influence the stock's performance.
Please be aware that the information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it is recommended to conduct thorough research and analysis before making any investment decisions.
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