The stock continues to form higher lows, reflecting strong buying power. However, it has closed just below the key resistance level at $46.80. A decisive breakout above this level is needed to confirm the bullish continuation, triggering further rises near $50.00 - $55.38 - $57.50 - $60.90 - $67.70.
the stop loss is below the last higher bottom at 38.51$, as a break below it, will invalidate the current bullish scenario and suggest a possible trend reversal.
Technical indicators, particularly the MACD, are trending positively and support the bullish outlook, adding further confidence to the upward scenario.
Disclaimer: This analysis is for informational purposes only and does not constitute financial, investment, or commercial advice or recommendations.
the stop loss is below the last higher bottom at 38.51$, as a break below it, will invalidate the current bullish scenario and suggest a possible trend reversal.
Technical indicators, particularly the MACD, are trending positively and support the bullish outlook, adding further confidence to the upward scenario.
Disclaimer: This analysis is for informational purposes only and does not constitute financial, investment, or commercial advice or recommendations.
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.
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.