Jun. 21 at 3:40 PM
$ALLR Multi Year Stage 1 Base Nearing Transition into Stage 2 Advance:
The stock has put in a solid ~2 year base, with a clear structural shift between the left and right sides of the pattern following the 8/26 FAST track designation. Since the February lows, the market has transitioned into a "Spike and Small Pullback Bull Channel," with a higher frequency of large bull trend bars closing near their highs, a clear sign of accumulation. Price cleared its rising 10 & 30 week SMAs. Buyers aggressively bought last weeks test of the 30 SMA forming a big lower tail, closing price back toward the 10 SMA. The macro gatekeeper sits at horizontal resistance around
$2.35. A strong weekly close above this level & with follow through triggers a Stage 2 breakout. Given the tight capital structure of 16M shares, a breakout past this ceiling leaves very little overhead resistance, paving the way for a quick move to the
$4.00–
$5.00 liquidity pocket and potentially higher.
