Bullish
Bearish
Neutral
- A break and hold above the 20EMA would shift momentum back to the upside.
- Initial resistance would be around 30, where previous price congestion sits.
- If buyers can push through, next target would be around 35–36, near the declining 50SMA.
- There is a short-term intraday trendline forming on the hourly chart that could act as a support guide if the stock starts climbing.
Bearish
- A rejection from the downtrend line or failure to hold above the 20EMA could lead to a move lower.
- Breaking below the 24–25 support area would be a key bearish trigger.
- If that level fails, the next major downside target would be near 19.5.
Neutral
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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.