Stock has possibly formed a bullish continuation rectangle after its breakout above 250 levels. It will be important for the stock to hold above the 200-day average and the neckline of the 8-month long base around 240-250 levels. Breakout above 314 can resume its uptrend.
After a parabolic move from 2019-2021, price has been in a well-defined consolidation. Price chart formed a 4 year-long rectangle with the horizontal boundary acting as strong resistance at 2700 levels. The horizontal upper and lower boundaries were tested multiple times over the course of the pattern. This week's close above 2700 levels after a pullback to the...