2000 Or 1200 ? Cautiously Bullish
Post reaching a high of 3500 in December '21, a substantial decline followed, settling in the 1200 range.
Notable support within 1177 to 1220.
Currently, trading near resistance and shaping a potential double bottom formation. Close to the upper boundary of the last year's price range (1177 to 1524).
A successful breakout from resistance could propel the stock to levels between 1900 and 2000.
Caution: Failure to break out may imply continued weakness.
Notable support within 1177 to 1220.
Currently, trading near resistance and shaping a potential double bottom formation. Close to the upper boundary of the last year's price range (1177 to 1524).
A successful breakout from resistance could propel the stock to levels between 1900 and 2000.
Caution: Failure to break out may imply continued weakness.
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