Resistance Levels (Red Dashed Lines):
R1: 105.04
R2: 163.75
Key Observations:
The price has shown a strong upward move, recently breaking above the 200 EMA.
The price has also broken above its 52-week high.
There is a significant increase of 49.23% projected from the current price level to the first resistance level (R1).
Trade Setups:
Buy Entry: Consider entering a long position as the price has broken above the 200 EMA and the 52-week high with an immediate target at 105.04 (R1).
Further Targets: If the price continues to rise and breaks above R1, the next potential target could be around 163.75 (R2).
Moving Averages:
The chart also shows several moving averages, indicating the current bullish trend.
***These levels and setups can help guide potential buy and sell decisions based on the chart's technical analysis. This analysis is only for educational purposes and should not be considered financial advice.