Alpine s 103/30/2024 ![]() ![]() The bear flag was negated, however, when the stock recaptured the eight-day exponential moving average (EMA) on the daily chart.Īlpine 4 is now trading above both the eight-day and 21-day EMAs and on Nov. 2, it was possible Alpine 4 was settling into a bear flat pattern on the daily chart, with the downwards pole created between Oct. When there’s a high level of volume in a stock, it indicates a high level of trader and investor interest. In the premarket on Friday, Alpine 4 was trading up 2% and the volume over the past six trading days has been bullish and relatively high. ![]() Sometimes a long-legged doji candlestick suggests a trend change may be in the cards but in Alpine 4’s case the indecision was likely related to traders being undecided on how the stock would react to its earnings print. On Thursday, Alpine 4 printed a long-legged doji candlestick on the daily chart, which suggests the forces of supply and demand are equal, meaning there is indecision. In its run-up into earnings, the stock rebounded 34% and then entered into a two-day period of consolidation on Wednesday and Thursday. 19 and subsequently fell 50% during the six trading days that followed. The Alpine 4 Chart: Alpine 4 squeezed about 160% higher between Oct. ![]()
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