Price recently bounced from the discount zone around $50 after a fakeout breakdown, showing demand absorption.
The stock has reclaimed the $70 support area and is now trading at $75.77, confirming strength.
The next major resistance and liquidity area is around $83.44, which could act as the next upside target.
If price sustains above $70, the trend bias remains bullish toward the $83–85 zone.
A breakdown below $70 would weaken the structure, possibly retesting $60–62.
The stock has reclaimed the $70 support area and is now trading at $75.77, confirming strength.
The next major resistance and liquidity area is around $83.44, which could act as the next upside target.
If price sustains above $70, the trend bias remains bullish toward the $83–85 zone.
A breakdown below $70 would weaken the structure, possibly retesting $60–62.
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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.
Disclaimer
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.