The 20 sma is also the centre line of the bollinger band, historically somewhere that a trending stock will pull back to.
Every candle is a miniature supply and demand diagram. long trailing wicks ( pin bar or hammer ) mean excess demand below and price will push higher. long upper shadow ( shooting star ) means lots of supply above and a probable reversal. doji the pressure from both sides is the same ( to simplify it all )
Supply and demand zones are similar but on a larger scale with long upper shadows representing concentrated areas of selling pressure. and the reverse for demand.
ALA will either absorb all this selling pressure and push on. or fail, pull back and try again.... usually the 3rd push through supply is successful. ALA has a historical resistance zone here so an interesting one to watch.
