Since 2015, the stock is respecting the channel trendlines as shown in the chart.
Also, we can see a Cup & Handle pattern within the trendline, which shows us the good probability of a bullish move.
Once the stock breaks out from the neckline(155), we can expect it to witness some resistance at the channel's upper trendline (180-185).
If the stock manages to breakout from this channel pattern of 6 years with good volumes, we can expect it to touch 215, 285, 350 levels soon.
BUY AROUND - 160-165
SL - 120
Also, we can see a Cup & Handle pattern within the trendline, which shows us the good probability of a bullish move.
Once the stock breaks out from the neckline(155), we can expect it to witness some resistance at the channel's upper trendline (180-185).
If the stock manages to breakout from this channel pattern of 6 years with good volumes, we can expect it to touch 215, 285, 350 levels soon.
BUY AROUND - 160-165
SL - 120
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.