The stock stands firmly above the lighting cloud and a short-term bullish trendline(formed since Mar 2020). In addition, the prices have just broken above the horizontal resistance around 7768p. The daily RSI also stands firmly above its neutrality level at 50% and is heading upwards. The MACD is above the 0-level and is signal line, while the MACD histogram is broadening.
Above the lightning cloud, the stock is likely to go higher and challenge the next resistance at 8090p. An upward breakout of this level would call for a further advance towards 8384p.
Above the lightning cloud, the stock is likely to go higher and challenge the next resistance at 8090p. An upward breakout of this level would call for a further advance towards 8384p.