the technical picture of an established uptrend, with price sitting on moving average support, is validated by the fundamental picture of aggressive upward analyst revisions and strong anticipated earnings growth driven by their major gaming franchises.
1. Trend and Moving AveragesUptrend: The overall price action from the low around May/June to the present suggests a strong, established uptrend. Higher highs and higher lows are visible, which is the definition of a bull market.Position Relative to Moving Averages (MAs): The current price is trading above both the shorter-term (likely 50-day, represented by the green line) and longer-term (likely 200-day, represented by the red line) Moving Averages.Short-term MA Support: The price appears to have recently found support on or near the green MA (around the $\$240-\$245$ area) and bounced higher. This MA is acting as dynamic support.Moving Average Order: The green MA is above the red MA, which is a classic "Golden Cross" configuration (or continued follow-through), indicating strong long-term momentum.
2. Price Action and ConsolidationRecent Pullback/Consolidation: After reaching a recent peak (around $\$265$), the stock experienced a pullback. This is a normal, healthy part of an uptrend, often shaking out weak hands before the next leg up.Support Holding: The price is showing signs of stabilizing after the drop, potentially on strong support defined by the shorter-term MA. The large green candle preceding the target area suggests that buyers have stepped in aggressively.
1. Trend and Moving AveragesUptrend: The overall price action from the low around May/June to the present suggests a strong, established uptrend. Higher highs and higher lows are visible, which is the definition of a bull market.Position Relative to Moving Averages (MAs): The current price is trading above both the shorter-term (likely 50-day, represented by the green line) and longer-term (likely 200-day, represented by the red line) Moving Averages.Short-term MA Support: The price appears to have recently found support on or near the green MA (around the $\$240-\$245$ area) and bounced higher. This MA is acting as dynamic support.Moving Average Order: The green MA is above the red MA, which is a classic "Golden Cross" configuration (or continued follow-through), indicating strong long-term momentum.
2. Price Action and ConsolidationRecent Pullback/Consolidation: After reaching a recent peak (around $\$265$), the stock experienced a pullback. This is a normal, healthy part of an uptrend, often shaking out weak hands before the next leg up.Support Holding: The price is showing signs of stabilizing after the drop, potentially on strong support defined by the shorter-term MA. The large green candle preceding the target area suggests that buyers have stepped in aggressively.
DISCLAIMER: The information provided by us is for educational purposes only and should not be considered as professional financial or investment advice. I am not a licensed investment advisor and do not provide personalized investment advice or recommend
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DISCLAIMER: The information provided by us is for educational purposes only and should not be considered as professional financial or investment advice. I am not a licensed investment advisor and do not provide personalized investment advice or recommend
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。