ALNY, LTH & ZETA - The momentum may drive prices to new heights!

7 авг.

Alnylam Pharmaceuticals

• The stock price has encountered several rejections around the 212 level, leading to subsequent corrections.
  
• After establishing a Double Bottom pattern, the price attempted to reverse the downward trend but was unable to do so, facing rejection at the 200 level.
  
• Consequently, the stock underwent another correction.
  
• Following this, the price entered a consolidation phase, forming a Box pattern for a while.
  
• In a surprising turn, the price gapped up significantly and broke through its former strong resistance area, remaining above it.
  
• Following a brief pullback, the price resumed its upward trajectory, supported by solid trading volume.
  

Life Time Group Holdings

• Following a rejection around the 22.5 level in November 2021, the stock experienced a significant decline, dropping to just 8.75.
  
• Subsequently, the price began to rise again, eventually returning to its previous strong resistance level after a lengthy climb. However, it struggled to break through that barrier and faced another substantial drop.
  
• During this downturn, the stock hit a low around 11.3 and then navigated through numerous fluctuations, leading to the formation of a Symmetrical Triangle pattern on the chart.
  
• After successfully breaking out of this pattern to the upside, the price surged and managed to overcome the resistance level.
  
• If the stock can hold onto this level, we might see even more upward momentum in the days ahead.
  

Zeta Global Holdings

• The stock price had been consolidating within a Box Pattern before breaking free.
  
• Since that breakout, the stock has experienced a steady uptrend, marked by higher highs and higher lows.
  
• Amid this upward movement, a Cup & Handle pattern formed, signaling that the trend is likely to persist.
  
• Following the breakout, the price is now climbing higher, supported by a significant increase in trading volume.