Keep watch for potential short $ALGN

7 set 2020

There is a big bullflag here and just last week the stock bounced off the fib level indicating strong support. However, it looks like it could also roll over soon. Looking back at how this stock cycles quarterly, a drop would continue this trend. I am waiting for confirmation of falling out of the flag formation before shorting. This could easily continue upward momentum with broad market buying. If the market continues with a bearish trend, this would be a great short opportunity.

Target #1 - $270
Target #2 - $230
Target #3 - $130