reason :-
1)down trendline breakout'
2)head and shoulder formation with high volume
3)small accumulation at the neckline before breakout
4)price above all major moving averages
The stock is at its Resistance of 38.5 which is also the top border of the "Parallel Channel".
One cannot rule out the possibility of the stock again falling back into the channel.
A Golden Cross may be seen in the coming days after which the stock would gain further momentum.
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