$ALLE (Allegion plc) - Long SetupAllegion plcBATS:ALLEshortermtraderTrading Idea: ALLE (Allegion plc) - Long Setup 🎯 Idea: LONG ⏰ Timeframe: Daily 📊 Pattern: Bullish Breakout from Consolidation Fundamental Context: Fundamental Score: 4/9 (Neutral). Growth: Weak Revenue + Moderate Net Income Growth YoY. Balance Sheet: Moderate (Debt Score: 7/10). Valuation: Fairly Valued on P/E; Overvalued on P/B and P/S. Technical Setup: Trend (D1): Bullish ✅ Catalyst: Recent RSI2 Connors Buy Signal (confirmed oversold bounce). Entry: $176.09 (Break above recent consolidation high). Stop Loss (SL): $165.29 (Below key support and the 50-period SMA). Take Profit (TP): $198.16 (Previous resistance target + Measured Move). Momentum: RSI (62) in healthy bullish territory, supporting further upside. Risk Management: Risk/Reward (R:R): 1:2.0 Position size based on the risk between entry and stop. Summary: A technical breakout play following an oversold signal, targeting a continuation of the primary bullish trend towards new highs. ⚠️ Disclaimer: Not Financial Advice This analysis is for educational and informational purposes only. It is NOT a recommendation to buy or sell any security. Conduct your own research (DYOR) before making any investment decisions. You are solely responsible for your own trades and investments. Past performance is never indicative of future results. Trading involves significant risk of loss and is not suitable for all investors. #TradingView #ALLE #Long #Security #Hardware #RSI2 #Connors #Breakout #TradingSetup