Duolingo bearish target 330-340Duolingo will reach the target 330-340 range and then will give a strong bullish movement.
Hold for creating new position, and wait for complete price correction.
It's clearly following the channel.
NASDAQ:DUOL
DUOL trade ideas
Duolingo (DUOL) - Bullish Momentum After Breakout Overview: DuolDuolingo Inc. (NASDAQ: DUOL) is showing strong bullish momentum after breaking above the 50-day Moving Average (blue line) with a significant volume spike. This indicates renewed interest and potential for further upside.
Technical Analysis:
Resistance Zone: $360 (recent high).
Support Zone: $330 (previous consolidation level).
Indicators:
Price has crossed above the 50-day Moving Average, signaling potential trend reversal.
Strong bullish candle backed by increased volume, confirming the breakout.
Volume spike shows growing buyer interest.
Trade Plan:
Entry: Consider entering above $352 for confirmation of sustained momentum.
Target:
Short-Term: $370
Medium-Term: $380-$390
Stop Loss: Place at $340 to limit downside risk.
Duolingo gives brakeout on Daily chartNASDAQ:DUOL
Duolingo gives brakeout on Daily chart for long position
entry price 270-300
sl 200
target 405
