The stock exhibits a classic cup and handle pattern spanning several months.
Cup formation: The initial decline from highs around 680 to lows near 320, followed by a gradual recovery
Handle formation: The consolidation phase around 400-500 levels before the recent breakout
Breakout: Strong upward movement with increased volume, currently trading around 614.30
Key Technical Observations
Support and Resistance Levels:
Major support established around 320-340 (cup bottom)
Resistance broken at approximately 500-520 level
Current resistance likely around 680 (previous highs)
Moving Average Analysis:
Price has broken above both moving averages (yellow and blue lines)
The moving averages are beginning to slope upward, indicating trend change
Volume Confirmation:
Significant volume spikes during the recent breakout phase (visible in green volume bars)
Volume expansion confirms the legitimacy of the price movement.
think we will soon see a breakout above 700
Cup formation: The initial decline from highs around 680 to lows near 320, followed by a gradual recovery
Handle formation: The consolidation phase around 400-500 levels before the recent breakout
Breakout: Strong upward movement with increased volume, currently trading around 614.30
Key Technical Observations
Support and Resistance Levels:
Major support established around 320-340 (cup bottom)
Resistance broken at approximately 500-520 level
Current resistance likely around 680 (previous highs)
Moving Average Analysis:
Price has broken above both moving averages (yellow and blue lines)
The moving averages are beginning to slope upward, indicating trend change
Volume Confirmation:
Significant volume spikes during the recent breakout phase (visible in green volume bars)
Volume expansion confirms the legitimacy of the price movement.
think we will soon see a breakout above 700
-warena
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-warena
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.