For those of you that missed the recent $ALLK rally (50% increase in 1 month), you're in luck; it looks like there is a further 25% upside from its current price point.

It's had a difficult time since hitting a double-top of $157.98 at the start of this year before shedding half of it's share value to $75.41 by mid-July, but it has since reached a $105.44 close (yesterday).

We can see below that the stock has taken a breather for the past month. It even tried to retreat back down before regaining and, somewhat counter-intuitively, "failed signals" are typically more reliable than confirmed signals. I suspect that the drop was the result of profit taking but there were plenty of buyers to absorb the selling and reverse it just as quickly as it began.

It's now flirting with a possible resistance line which, if confirmed, will form a symmetrical triangle with the uptrend.

It would not come as too much of a surprise if it bounced down from this resistance back to the upward trendline, presenting the most favourable entry, but given the already failed attempt to break back down and the rapid regain I don't think this is the most likely option.

Instead, I expect to see the price to continue its rally though perhaps with a little more sideways action first. I'd look to enter a long position once the price breaks and closes above both the triangle's resistance and the consolidation resistance (approximately $112).

As for the price target, the average analyst rating is $143.10 and the double-top at $157.98 will be very hard to break. Waiting for the price to close above $112 will still give you approximately 25% to work with though you will need to be willing to risk about 10% of your position (Stop Loss at around $102).