ALAB is flashing a powerful reversal + squeeze setup on the 195-minute chart. I see momentum building for a breakout run. If it clears $230, it could quickly turn into an options-friendly move towards the prior highs.
Although the markets have already made a significant move into new highs as of late, there are two names who have yet to join the party in a big fashion. Let’s review the weekly squeezes forming in NVDA and AAPL, and their potential to keep the rally going.
Markets are trying to put in another week of gains with only one day to go. Bulls remain fully in charge of every index. However, on the QQQ they may have temporarily overstepped, as that index hit 4.5 ATR today.
