The stock exhibits a classic cup and handle pattern spanning several months.
Cup formation: The initial decline from highs around 680 to lows near 320, followed by a gradual recovery
Handle formation: The consolidation phase around 400-500 levels before the recent breakout
Breakout: Strong upward movement with increased volume, currently trading around 614.30
Key Technical Observations
Support and Resistance Levels:
Major support established around 320-340 (cup bottom)
Resistance broken at approximately 500-520 level
Current resistance likely around 680 (previous highs)
Moving Average Analysis:
Price has broken above both moving averages (yellow and blue lines)
The moving averages are beginning to slope upward, indicating trend change
Volume Confirmation:
Significant volume spikes during the recent breakout phase (visible in green volume bars)
Volume expansion confirms the legitimacy of the price movement.
think we will soon see a breakout above 700
Cup formation: The initial decline from highs around 680 to lows near 320, followed by a gradual recovery
Handle formation: The consolidation phase around 400-500 levels before the recent breakout
Breakout: Strong upward movement with increased volume, currently trading around 614.30
Key Technical Observations
Support and Resistance Levels:
Major support established around 320-340 (cup bottom)
Resistance broken at approximately 500-520 level
Current resistance likely around 680 (previous highs)
Moving Average Analysis:
Price has broken above both moving averages (yellow and blue lines)
The moving averages are beginning to slope upward, indicating trend change
Volume Confirmation:
Significant volume spikes during the recent breakout phase (visible in green volume bars)
Volume expansion confirms the legitimacy of the price movement.
think we will soon see a breakout above 700
-warena
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
-warena
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.