The stock is currently consolidating after a massive bull run. However, the weekly timeframe has gone into a correction phase, reason why I have placed a second support line.
Should it break and close below Support 1 you can expect the stock to fall to values of ~537-540.
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
Should it break and close below Support 1 you can expect the stock to fall to values of ~537-540.
======
This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
