

ALAB looks like it wants to break out — $343 is the level I’m watching
$ALAB is looking pretty interesting this morning.
On the weekly, $343 has been giving it a hard time. You can see price get into that area and struggle, so that’s the level I care about here.
Premarket it looks like she wants to break out, but I’m not gonna get excited over a premarket move. I want to see what happens once the market actually opens.
If we break $343 and hold above it, I like the setup for more upside.
First area I’m watching would be around $360-$368, then $381-$391 if it really gets moving.
If $343 rejects again, then there’s no reason for me to force the trade.
Looks like she wants to go though… now let’s see if she actually does it after the bell 😂