Two-Week Chart Analysis:
The stock has exhibited a remarkable upward trajectory since the covid fall of 2020, demonstrating substantial gains. It is now nearing the resistance channel observed in 2018, a significant technical juncture.
In order to sustain and potentially extend this upward momentum, the stock must breach the critical 6300 level. Failure to do so may prompt a retesting of the established support range.
The forthcoming period warrants a vigilant observation to determine whether the stock manages to overcome the resistance channel. Additionally, note the presence of a potential cup and handle pattern, which merits further examination. Stay tuned for developments.
The stock has exhibited a remarkable upward trajectory since the covid fall of 2020, demonstrating substantial gains. It is now nearing the resistance channel observed in 2018, a significant technical juncture.
In order to sustain and potentially extend this upward momentum, the stock must breach the critical 6300 level. Failure to do so may prompt a retesting of the established support range.
The forthcoming period warrants a vigilant observation to determine whether the stock manages to overcome the resistance channel. Additionally, note the presence of a potential cup and handle pattern, which merits further examination. Stay tuned for developments.