This is in contrary to by bearish scenario linked below. Looking at the 15min chart, stock starts forming an ascending triangle at the support line which may signal a breakout if it can get over the $195.22 resistance line. RSI is declining without price decreasing, and IV is still below the mean, signaling a potential for a push. Similarly, we can see a golden cross formed (20 day crossed the 200 day) on 6/11 that could be the sign for good things to come.
This breakout could occur over the course of 1-2 weeks. Happy trading,
-A
This breakout could occur over the course of 1-2 weeks. Happy trading,
-A
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