The price is moving within a compression triangle and has turned bullish again above the purple trendline.
It may break out immediately to the upside, or it could continue moving for a few days or weeks between the two horizontal light blue trendlines before the breakout.
After the breakout, the target is the upper blue resistance area around $160.
Keep an eye on stocks offering AI solutions, as the next rally is likely to come from this sector and quantum computing.
It may break out immediately to the upside, or it could continue moving for a few days or weeks between the two horizontal light blue trendlines before the breakout.
After the breakout, the target is the upper blue resistance area around $160.
Keep an eye on stocks offering AI solutions, as the next rally is likely to come from this sector and quantum computing.
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.
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.