ALNY is in a multi-year uptrend and it seems possible that a new ATH will be reached this year.
Bullish signs:
1) Bounce on the multi-year-trend-line (in black).
2) Trading above 20 + 50 EMA on daily, weekly and monthly.
3) Correction since january has reset the RSI.
4) Month of may forms a dragonfly doji.
What we'd like to see:
a) A higher high and a higher low on the daily.
b) A daily close above 145.
c) Increasing volume.
If june is green, volume increases and we break through 145 i think a new ATH is imminent.
Bullish signs:
1) Bounce on the multi-year-trend-line (in black).
2) Trading above 20 + 50 EMA on daily, weekly and monthly.
3) Correction since january has reset the RSI.
4) Month of may forms a dragonfly doji.
What we'd like to see:
a) A higher high and a higher low on the daily.
b) A daily close above 145.
c) Increasing volume.
If june is green, volume increases and we break through 145 i think a new ATH is imminent.