RE:RE:RE:Took up half a positionIf you're going to trade it, that's probably a good way to go. I bought into the story as my general strategy is "buy and hold" and as part of my rebalacing, I picked up shares all the way down, but regret it as it has been has been a chronic underperformer. There are much better names to be long in this market.
CaptainConn wrote:
I see selling pressure coming in + a second rejection at the exact same high. Not to mention that's the third time this week, the stock has opened higher and then finished lower. All of those are usually signals to me so, I am just playing the well defined price levels. $14.60ish is downside target. $16.80 is resistance. Risking 65 cents to make double with price action in my favour (based on my analysis) so it is worth taking a shot. I do hope I will not be bashed - by no means am I implying ALA'S business is in trouble. I don't know as much about their business as you guys tbh. GLTA