$ALLO #ALLO is currently trading in a low-momentum consolidation phase after a previous decline. Price action suggests that sellers have weakened, while buyers are slowly stepping in near the support zone. This indicates market indecision and a possible base-building process.
If ALLO manages to hold above its current support, a short-term recovery or bounce is possible. However, a lack of volume may limit upside moves. A clear breakout with strong volume is needed to confirm any trend reversal. Overall, ALLO remains in a wait-and-watch zone, and traders should look for confirmation before entering positions.
ALLO
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