The stock is currently moving within a rising parallel channel and has recently bounced off its lower trendline, now approaching the upper band.
Additionally, a clear Cup and Handle pattern is visible, with a neckline breakout around 348. This setup typically suggests a continuation of the uptrend after a successful breakout and retest.
If we observe an increase in volume and a close above 365, the momentum could accelerate, potentially driving the stock towards 380 and then 400.
Additionally, a clear Cup and Handle pattern is visible, with a neckline breakout around 348. This setup typically suggests a continuation of the uptrend after a successful breakout and retest.
If we observe an increase in volume and a close above 365, the momentum could accelerate, potentially driving the stock towards 380 and then 400.
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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.