The stock has recently broken out of a consolidation base with strong upward momentum, retesting its listing day high before making a new high. This breakout is accompanied by a noticeable increase in volume, confirming significant buying interest and lending strength to the bullish move.
The chart highlights a tight consolidation phase over the past 10 weeks, forming a solid base for the breakout. Additionally, the stock is trading well above its EMA (Exponential Moving Average), signaling a sustained bullish trend. The EMA continues to act as a reliable support for the ongoing rally, reinforcing the positive outlook for the stock.
The chart highlights a tight consolidation phase over the past 10 weeks, forming a solid base for the breakout. Additionally, the stock is trading well above its EMA (Exponential Moving Average), signaling a sustained bullish trend. The EMA continues to act as a reliable support for the ongoing rally, reinforcing the positive outlook for the stock.
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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.