Burlington Stores is set for significant upward movement.

  • After the market crash in March 2020, the stock price stabilized around the 110 level and began to rise.
  • This upswing drove the price to an impressive high near 350, reaching an all-time peak.
  • During this phase, a Rising Wedge pattern formed, and following a subsequent breakdown, the stock underwent a significant correction, returned to its previous support level.
  • Subsequently, the stock made a strong recovery, climbing to around 250 before encountering resistance.
  • After a notable decline, it found support once more near 115.
  • Another rebound occurred, leading the price to a recent breakthrough above previous resistance levels.
  • It is anticipated that this momentum will persist, leading the stock to achieve new highs in the near future.
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