May 25 • 💬 Discussion
ALAC Top down Anaylsis
ALAC spent several years in a wide consolidation range before giving a strong breakout from the long-term base zone. After the breakout, price successfully retested the previous resistance area and continued forming higher highs, showing bullish structure.
On the lower timeframe, the stock formed a bullish flag after a sharp impulsive rally, indicating healthy consolidation within the uptrend. Recent price action suggests buyers are still defending higher levels, and continuation momentum remains intact as long as the breakout zone holds.
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ALAC Top down Anaylsis
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