The RXRX daily chart as of June 6, 2025, reveals both a double bottom and a cup and handle pattern, with the stock at $5.56 nearing a key resistance at $6.06. The double bottom (lows at $4.00 in April and May) and cup and handle (spanning April to June) both indicate a bullish breakout if the price closes above $6.06, targeting $8.00–$8.12, which aligns with your prediction of increased momentum toward $8.00. High volume near the patterns’ completion supports potential bullish momentum, but a failure to break $6.06 could lead to consolidation or a drop back to $4.00–$5.00, making it prudent to wait for confirmation before taking action.
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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.