The stock is currently trading within a healthy horizontal range, with support around the $13.80 area (considered a buy zone) and resistance between $17.50 and $18.00 (potential sell zone).
From this point, two scenarios are possible:
Pullback Scenario: A reversal toward the support zone, potentially aligning with the rising 50-day moving average.
Breakout Scenario: A continuation of the upward move, breaking through resistance and heading toward the previous peak at $21.00.
This is a technical perspective and not a recommendation to buy or sell.
From this point, two scenarios are possible:
Pullback Scenario: A reversal toward the support zone, potentially aligning with the rising 50-day moving average.
Breakout Scenario: A continuation of the upward move, breaking through resistance and heading toward the previous peak at $21.00.
This is a technical perspective and not a recommendation to buy or sell.
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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.