Alto Ingredients Inc. (ALTO) Social Stream



Alto Ingredients Inc. (ALTO): $3.67

0.03 (+0.82%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

Featured Post From StockTwits About ALTO

$ALTO I don't think this has finished its downtrend yet. I'm still bullish on this long-term, but I took from the call that the next earnings aren't going to be great. That leaves us waiting until March (when they'll be able to talk about results from new contracts for 2022) for an event-driven bump. I'm not selling my long position until the price is much higher, but I'm not throwing more money into this until it reaches bottom (probably 1-2 weeks away based on the speed this stock moves). After shorts get their low and cover, they should lose interest for a while. This stock tends to float up, because it's undervalued, when shorts aren't actively trying to push it down. Also, if you believe the Eliot wave theory, this should reach the end of its 5-wave downtrend that it's been in since November when it reaches its next bottom.
NE_trade, published August 11, 2021

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