Short
Which has been trading in a narrow range of 580 to 590 for the last couple of sessions. However, today, it made an attempt to break above the range with a high of 596+.
Although the stock has moved slightly higher, the current price action suggests a potential false breakout.
Target - Based on this, I anticipate the stock could drop to around 562.
Although the stock has moved slightly higher, the current price action suggests a potential false breakout.
Target - Based on this, I anticipate the stock could drop to around 562.
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