Burlington Stores is set for significant upward movement. for NYSE:BURL by NaranjCapital

Burlington Stores is set for significant upward movement.

After the market crash in March 2020, the stock price stabilized around the 110 level and began to rise.
This upswing drove the price to an impressive high near 350, reaching an all-time peak.
During this phase, a Rising Wedge pattern formed, and following a subsequent breakdown, the stock underwent a significant correction, returned to its previous support level.
Subsequently, the stock made a strong recovery, climbing to around 250 before encountering resistance.
After a notable decline, it found support once more near 115.
Another rebound occurred, leading the price to a recent breakthrough above previous resistance levels.
It is anticipated that this momentum will persist, leading the stock to achieve new highs in the near future.

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