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ALGM forms Bollinger Band Squeeze on August 20
ALGM finished lower by 3.0% on Thursday, August 20th, trading 0.7 times its typical volume. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 36.28, 35.35 & 34.1, with resistance at 38.46, 39.71 & 40.64. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of ALGM: D
Just a sneak peek — check SwingTradeBot.com for the full story on ALGM.
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