Alerus Financial Corp

ALRS is in Stage 2 Advancing with strong medium-term bullish permission granted by active continuation patterns, but price is currently extended above rising EMAs and in extreme overbought territory. Execution should be deferred; stalk for a pullback into the rising 9/20 EMA support zone before considering new positions.

• ↑Net income $23M ($0.89/sh) with ROAA 1.79% shows efficient operations.
• ↑Non-interest income >40% of revenue boosts stability vs. rate swings.
• ↓Negative growth factor signals difficulty scaling revenue.