The Price is moving in a channel, though from last few weeks it has been bearish and doesn't seem to have enough strength to bounce back from the channel support. I would go short if price closes below 270 for a target of 255. I would go long If the stock closes above 290.
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Price goes above 290 so the stock is back on its upward journey. Should touch the upper channel line.
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Moving up to its channel resistance, One can target 340+ from here.