Align Technologies Inc. testing resistance
Align Technologies Inc. (ALGN) presently testing a significant descending channel top, able to absorb weekly buying pressures. From here, (ALGN) is susceptible to falling back to channel support, eliciting losses of 20% over the following 2 - 3 months. Inversely, if a weekly settlement above this channel top occurs, (ALGN) will enter into a buy signal where gains of a similar magnitude over the same time horizon would be expected.
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