The price has been moving in a falling channel, and has broken out of the falling channel resistance line with a bullish candle, suggesting potential upward momentum. Consider if the stock sustains above 153 for a further rally toward 159. If it falls back inside the channel below 150 and weakness may return
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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.