ALGO UPDATE

ALGO in a short term descending channel (purple lines). ALGO is also in a 2-day ascending wedge (blue lines) and thus far the ascending wedge is holding. Watch ALGO closely. If it stays in the descending wedge, it should break up and out of the descending channel. If ALGO descends out of the ascending triangle, watch it closely in the channel for a break up or a break down out of the channel. Keep a close eye on the volume as well. Trade carefully!