ALAB is in a downtrend with a sell signal; speaker expects further decline toward a buy target of 250.
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Astera Labs is also in a downward trend. Many i13 names are in decline. We have a sell signal here. The orange trend is still downward. Last week, I said that we are optimistic about the decline in the short term, and very optimistic in the long term.
I also said that the strong buying zone is 250 here. We are getting closer to that. We are $20 away. He could reach that point any day. Let's take a look at the daily range and see how far we've fallen today.
Astera 267. Level 250 is the target. We're now within $17, which is a small thing. But this stock is moving quickly. Remember that this stock was in the tens a few months ago, and it rose up to 500 where we hedged.
Those contracts expired and became worthless last week. $61 for purchase contracts at $500 was the premium you could get. This means that if you sell every hundred contracts, you earn $610,000 that you can put directly in your pocket .
Unbelievable. That is the power of covered purchase contracts. But you must also be able to choose the peaks . Um, it's a little more difficult.
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