VERANDA Approaching Breakout from Descending Channel
✅ The stock has been trading within a descending channel, with the price now approaching the upper boundary near 300. A breakout above this trendline could signal a reversal of the downtrend.
✅ The RSI is trending upwards around 66, indicating growing bullish momentum. The recent price action suggests a potential shift in market sentiment.
✅ If the stock breaks above the upper trendline, it could target higher levels, with 350 as a potential resistance. Traders should look for a confirmed close above the trendline to validate the breakout.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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.