The stock is attempting to form a positive technical pattern, a double bottom. It has confirmed a breakout above the downward trend line, and a positive quarterly close is anticipated. The stock is currently rebounding from a support level within the medium-term upward trend. The targets are set at 25, 27, and 29. The technical analysis aligns with the fair value target of the stock, which is also around the 29 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.