$Aligos Therapeutics, Inc.(ALGS)$
πΊπ ±οΈαΉ³ΜlΜ€ΜlΜ€ΜΓ―Μ€sΜ€ΜαΈ§Μ€ π $27 first π―
$ALGS, Momentum Shift Detected, High-Probability Reversal Setup in Play ππ
π Key Technical Developments
β’ VWAP Expansion & Volume Uptick: A sustained rise in VWAP alongside increasing volume suggests an influx of institutional participation, indicative of potential accumulation at current levels. This signals improving liquidity dynamics and a possible trend reversal confirmation.
β’ Reversal Candle Emergence: The latest candlestick structure exhibits characteristics of a strong reversal formation, aligning with key technical inflection points. If confirmed, this price action implies a momentum shift favoring bullish continuation.
β’ Successful Retest & Bounce Reaction: Price action has retested a critical structural level and rebounded decisively, reinforcing buyer conviction at this support zone. The reaction at this level further validates prior accumulation zones, increasing the probability of a sustained upward extension.
π― Upside Projection
β’ Target Alignment at $27: Given the structural bounce and prevailing momentum signals, a reversion toward the $27 threshold appears increasingly probable, assuming sustained buy-side pressure and follow-through volume expansion.
With technical confluence supporting an upside move, traders should monitor VWAP adherence, volume profile consistency, and intraday trend confirmation for high-conviction entries.
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Happy trading ahead! Cheers BC πππππ
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