Stock has been witnessing considerable volume recently. However, caution advised at the current level as it appears the current high is not sustainable in the near short term.
Currently, It is making a double top vs 2010 as well as Feb 24 high
I believe it would be prudent to wait for the stock to retrace back to 30 instead of getting trapped at the moment, resulting in the completion of the cup neck. Handle formation will take a year or two in my opinion.
By 2026, this stock could be a multibagger
Disclaimer: This is not a recommendation for buy/sell. This is ust my opinion for educational purposes only.
Currently, It is making a double top vs 2010 as well as Feb 24 high
I believe it would be prudent to wait for the stock to retrace back to 30 instead of getting trapped at the moment, resulting in the completion of the cup neck. Handle formation will take a year or two in my opinion.
By 2026, this stock could be a multibagger
Disclaimer: This is not a recommendation for buy/sell. This is ust my opinion for educational purposes only.
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.