The price is approaching a strong support zone at $145–$150, which has acted as a key resistance in 2020 and a reliable support level during 2022–2023. This zone could trigger a bounce, but much will depend on the upcoming earnings report on February 4th. A positive report might drive a rebound toward $160 or higher, while disappointing results could lead to a breakdown toward $130. Monitor price action closely near the support zone and wait for bullish confirmation before making any moves!
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📈 6 years in the financial markets! Join my Telegram for exclusive insights.
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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.