Analysis: The stock has found support from both the 30-day moving average and the Fibonacci retracement 0.5 level, but it is still within a flag pattern and has not yet broken out. If it fails to break out, it may retrace towards the Fibonacci retracement 0.618 level for further support. However, if it does break out of the pattern, it could potentially reach the ascending trendline for a retest.
Stop-Loss: 82 (10-day MA)
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
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.