The stock has formed a descending triangular pattern which is about to witness a breakout.
The stock has major support at 368 level, and it has been testing its resistance at 422 levels consecutively.
Once the triangular breakout happens, the stock will move towards testing the resistance at 420-425.
If the resistance is broken with good volumes, the stock can...
Since 2015, the stock is respecting the channel trendlines as shown in the chart.
Also, we can see a Cup & Handle pattern within the trendline, which shows us the good probability of a bullish move.
Once the stock breaks out from the neckline(155), we can expect it to witness some resistance at the channel's upper trendline (180-185).
If the stock manages to...
After witnessing a selling pressure near the trendline, the stock has broken its support from 0.00001590 level.
If it drops with good volumes, we can expect it to drop towards 0.00000790 (channel support) level.
I'll add the next targets later based on if it retests, or breaks down.
I've tried my best to make accurate analysis with such little time-frame, hope...
The stock has been constantly declining from 330-335 resistance level, but it has shown a rally towards trendline with a good amount of volume (forming a triangular pattern).
Also, we can see all time high after the breakout.
If the stock manages to sustain above 340 after the breakout, one can go for long term with the SL of 280 and TP for 380,420, 500.
