Price has been consolidating in a narrow range for over 4 weeks. Stock can be considered in a pullback phase as suggested by the low volumes and holding of the previous breakout area. Company has been reported fantastic quarterly earnings which has been well received by the market participants. Outside the consolidation area, stock can see 310/350 in short term. Entering at current market price has a low risk:reward ratio.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.