The stock has been experiencing a strong upward trend, consistently pushing its highs and lows to new heights.
We've noticed that the bullish pole and flag pattern appeared twice in a row, indicated a solid presence of buyers in this stock.
Recently, a breakout occurred on the weekly chart with high trading volume, suggesting that the price is set to rise again.
Daily Chart
Following a notable rejection around the 9,600 mark, the stock experienced a considerable correction.
The formation of a Double Bottom pattern signaled a reversal in the downtrend, leading to a robust upward movement.
This impressive rally brought the price back to its former resistance level, but it struggled to break through, leading to a period of consolidation just beneath that threshold.
In an unexpected turn, the stock gapped up and successfully surpassed its immediate resistance, maintaining its position above this critical level.
With trading volume on the rise, there is a promising outlook for a significant upward surge in the stock price.
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