TRADING UPSWING : ALLY STOCK ANALYSIS | ALLY FINANCIAL STOCK

Hello friends welcome to my channel and thanks for watching this video so we're going to discuss about all stock or Alli Financial INC now this is the price chart which looks I would say flat as far as the price move is concerned but uh let us see is there is anything which we can come up with as far as the range is concerned so here we are I'm ignoring this part because uh this is an excessive move happened in 2020 which is not natural in the normal course of action so if I remove this part what I'm going to get here is this particular line which is your support and based on which what I'm going to do I will connect the dots as far as the upper end of the range is concerned so this is what we are going to get as far as the trend or the range in between which a l ly stock is concerned so this is what we have here so now we going to have our stop loss at 24.3 below which the downside will start again so please do not go below this particular level on immediate basis we going to have our Target and resistance at 58.3 or the level which the stock has tested in 2021 once a l stock surpasses this particular level you will see the resumption of an upside and the stock may swing somewhere in between1 and $180 now because we are talking about uh any Financial stock so obviously it's going to be a slow move now there is an exception okay in case if I take this range so and try to find out the range from here this is what I'm talking about so the range will diverge a bit and you will see the extension of the targets so rather than in which case rather than using this range you can use from 104 to 250 so this is how the range will diverge but it both are possible it will all depend upon how the stock will move I mean if the stock stops here somewhere you know uh near this line then it will be act as a resistance if the stock even surpasses this line and then you will see this line as a resistance so both things are possible but anyways the stock is swinging higher and that is something which we going to look at as far as all stock is concerned meanwhile don't go below the stop loss so this is the end of the video thanks for watching

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