After a long bearish move, the stock has formed a clear bottom around $63.70 and has since reacted strongly.
In recent days, the price has built a sequence of higher highs and higher lows, signaling a potential short-term momentum shift.
The $68–68.5 area now acts as an important control level: a daily close above this zone could open the door for a continuation move toward $70, a key resistance and psychological level.
From there, the price might retest $70 and then start pulling back again, unless buyers manage to push through and hold above it, in which case the uptrend could extend further.
In recent days, the price has built a sequence of higher highs and higher lows, signaling a potential short-term momentum shift.
The $68–68.5 area now acts as an important control level: a daily close above this zone could open the door for a continuation move toward $70, a key resistance and psychological level.
From there, the price might retest $70 and then start pulling back again, unless buyers manage to push through and hold above it, in which case the uptrend could extend further.
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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.