The stock is technically and fundamentally strong and it is corrected following the post-COVID upward rally.

Fundamentals looks good with the cup and handles technical set-up. Currently testing support and resistance levels.

P/E ratio of 20 is decent for tech stock.

Expect a few shakeouts and upward moves.

To enter the trade, make sure you have confirmation of the trend first.
Supply and DemandSupport and Resistance

Disclaimer