NYSE: YOU (DAILY CHART) - After spending 9 months in a tight consolidation range, the stock has recently executed a decisive breakout and is now sustaining above the prior resistance zone. Over the past month, price action has been notably strong, characterized by a breakout rally followed by a healthy two-week pullback that found support near the EMA30 — precisely aligning with the former consolidation ceiling.
Price structure is currently presenting "sharp advances followed by minor pullbacks", indicating strong short-term momentum as the stock establishes a new base above the previous range.
Price structure is currently presenting "sharp advances followed by minor pullbacks", indicating strong short-term momentum as the stock establishes a new base above the previous range.
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I follow price, not predictions.
Trends speak louder than opinions.
Follow me to stay updated with my latest trade setups.
Trends speak louder than opinions.
Follow me to stay updated with my latest trade setups.
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.