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🤔 Is this the real move, or just a trap?
$ALCX is up over 39% today. Nice to see that volume come in after a slow grind from the 11.73 level.
It looks like we finally broke that $15.00 resistance and tapped the daily high of $15.65.
Now the problem is we're pulling back. Look at the last couple of 1-hour candles. Heavy selling pressure right at that high. The wicks are huge.
We gotta hold the $14.50 area, which is today's main pivot. If that breaks, we likely retest the $13.15 support.
If buyers can step in here and keep it green above $14.50, we might see another run at $16.
Patience is key. Don't chase that wick. I'm watching the order book for confirmation.
#ALCX #GovShutdownCrisisNearsAnEnd?