"SOUN is forming an ascending triangle pattern on the 30-minute chart, currently testing the $16.00 resistance level. A breakout above $16.00 could confirm bullish momentum, with a potential target at $17.68.
Key levels:
Support: $13.36
Resistance: $16.00 (yet to break)
Target: $17.68
Traders should watch for confirmation with volume on the breakout. Until then, the pattern suggests potential upward movement while maintaining caution near resistance.
#Stocks #Trading #SOUN #NASDAQ #TechnicalAnalysis #DayTrading #BullishSetup #Investing
Key levels:
Support: $13.36
Resistance: $16.00 (yet to break)
Target: $17.68
Traders should watch for confirmation with volume on the breakout. Until then, the pattern suggests potential upward movement while maintaining caution near resistance.
#Stocks #Trading #SOUN #NASDAQ #TechnicalAnalysis #DayTrading #BullishSetup #Investing
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