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stocksJun 10, 2026, 1:53 PM

Align Technology Elliott Wave Analysis Suggests Potential New Highs

The monthly chart of Align Technology shows a completed wave III near $700 and an ongoing corrective wave IV, with potential for a wave V rally to new highs.

ALGN

Align Technology (NASDAQ: ALGN) maintains a bullish Elliott Wave structure according to recent technical analysis. Despite a sharp decline from its 2021 peak, the monthly chart indicates that the stock completed a major wave III advance near the $700 area.

The stock is now believed to be in a large corrective phase, with a "blue box" support zone potentially launching wave V to new highs. Traders are watching for a breakout above the current resistance levels.

Source: FXStreet Forex News