Price of the stock broke the all time high price of 2018 in 2023 and gave consolidation break out. Could it give good returns over the time?
The multiyear breakout is visible on chart with price breaking out all time high price of 2005 in 2021. But, then the stock again consolidated till 2023 and formed a zone which give breakout recently with good volumes buildings on chart. Will good returns follow with strong base formation in this stock?
The life time high was formed in 2008 but the price stayed under that for almost 14 years. It tried breaking it again in 2022 which was not successful and now third time its reaching the same levels of life time high which might give a strong possibility of breaking the life time high to form new high and give good returns in short term