$ALPINE has started to weaken
Previously, it surged to a key position of 2.57, and although there were instances of increased trading volume, the stock price quickly fell back. This phenomenon indicates that there is heavy selling pressure above this price level, and subsequent capital has failed to form an effective follow-up rally.
Afterwards, there were attempts at rebounds, however, the high points of these rebounds were progressively lower, clearly exhibiting a typical rhythm of 'rising and falling', which fully demonstrates the severe lack of upward momentum for buyers in the short term.
From an overall analysis of the market rhythm, after the main force conducted a sell-off at high levels, market confidence suffered a heavy blow, and the trading activity of participants declined, leading to a gradual shrinkage in trading volume. Against this backdrop, it becomes easier for the stock price to experience a secondary decline.
Currently, ALPINE's stock price is maintaining a sideways oscillation around 2.18. Although the current stock price has temporarily stabilized, there is significant pressure from above, and the support level below has yet to be clearly confirmed. If the stock price effectively breaks below the key level of 2.1, it is very likely that the market will further weaken.
In summary, the performance of ALPINE in this wave is not strong; it resembles the rhythm of a pullback following the end of a rebound. In the short term, I personally tend to have a bearish outlook on it.
