By analyzing the recent price action, we could see that the two relatively new lows formed are at the same level indicating that bears might be losing steam. In fact previous weekly candle was huge thereby breaching a falling . Assuming that the recent recovery will continue, the stock might be en route towards 475-490 levels. There we could also spot 23% of Fibonacci falls.
If the stock happens the breakout from that level, we can agree on the possible which only accelerates the stock further upwards.
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