Hi guys. As we can see the price is going up after touching the resistance line and the new target could possibly be 296.
If the stock beats this price (296) it will shoot up to 320 or more.
Besides it is quite above the moving average (60) so it indicates an upward trend.
Fibonacci retracements were also used showing that the price broke one of the lines.
Finally I can say that I have ambitious expectations about this stock.
If the stock beats this price (296) it will shoot up to 320 or more.
Besides it is quite above the moving average (60) so it indicates an upward trend.
Fibonacci retracements were also used showing that the price broke one of the lines.
Finally I can say that I have ambitious expectations about this stock.
Comment:
The stock surprised me breaking the first resistence line. However I see a possible buy zone in the bottom line (265).