ALGN Trade on Jul 29, 2021 10:48 from MichaelBLe: Tradervue User Stock Trades.

Strong earnings and sales increase. A consistent increase in sales growth minus covid times. Along with sales growth with this current quarter being the biggest growth...

EPS rating is 97

Fund sponsorship is a bit much though. About 57% of the float.

Has been basing for multiple months now. If the market conditions get better, this can really push into new highs for good.

7-30
6:50AM
I took 20% of my position off because I believe to the best of my knowledge that it's the right thing to do. To trim some while the stock has strength. My current stop is ta the low of the day. Will most likely break up the remaining position into at least 2 orders.

8-2
6:45AM
I took another 1/5th off the position as we are getting extended from the rising 20ema support.. I am taking profits while I can, not when I have to...

8-3
6:44AM
My stop triggered and I got taken out of some of my position. I do have a small portion left with a stop in the 685s. Unless the market quickly turns, I am going to try to hold on to this piece for awhile. After a strong move, a pullback or sideways consolidation is normal digestion.

8-6
7:08AM
It's been a little while since I've done anything with this position. My stop is still at the 685 area. My stop may trigger. I am going to take half of my position off and move the stop to break even as long as my average doesn't move up too much from selling.

7:11AM
I sold 1/2 and have an average of 663.08. I move my stop to 665. This tiny position left in this name will be my place holder for this stock. I liked how it's been performing during the last few days. I want to stay in this name as long as possible so I can build back up a position.

8-8
1:14PM
ALGN continues to show signs of strength as it consolidates near the highs on low volume. This is the most ideal situation. Reminds me of the SHOP trade. I want to wait for the market conditions to improve before I start scaling back up. This mean the possibility of letting the first break out attempt go if the conditions aren't right.

With the SHOP trade, I added into the first attempt to break out of the consolidation pattern. This raised my average up and ruined the trade for me.

Below is the current ALGN chart and the SHOP chart I mentioned just above.

ALGN

SHOP

8-9
ALGN is continuing to act right during this pullback. The pullback vol has been low. The candle ranges have been small. I want to wait for the 20ema to catch up and ideally quickly undercut it and reclaim. That will be my trigger to add.

8-12
6:55AM
I added back into this position after a confirmation push higher. The previous 2 days, I watched the tape show some support in the 675s and 680s.

8:36PM
I added more into this position going into the close. There was a strong push and the volume was behind it. The daily chart sets up very nicely. Looking for this to follow through tomorrow. No plans to add anymore into this position.

8-13
8:38AM
I got stopped out of the remaining shares of this name. It seems like sector rotation is happening again and quickly. I noticed RH, a stock I have been wanting to get into it, also took a hit today. This is why I think there is sector rotation.