Fundamentally, this company share price is overvalued , fair value around the 90 dollar mark. Now, we are seeing the price action hitting the resistance level once more.
On a smaller time frame, the bullish stance remains and looks likely to break above which I suspect is false move to trap bulls before reversing down. Let's see how it plays out in a week or two.
On a smaller time frame, the bullish stance remains and looks likely to break above which I suspect is false move to trap bulls before reversing down. Let's see how it plays out in a week or two.
Note
the short trade set up is off as it has breached above the resistance line
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.