After creating a all time high, price came back to test the breakout area and find support as expected. After a nice pullback price started moving towards new high. After looking at chart pattern looks like stock is entering into a new zone. We are expecting 15% to 20% appreciation in price in very short period.
Stock is in nice up trend. After making its last major low @270 stock has corrected approx 40% from its life time high @767.55 and started moving in its major trend. Price is just breaking out from that falling trend line which is indicating that price is moving towards new high. This is for educational purpose only. Take action as per your risk understanding.