Duolingo Inc. (NASDAQ: DUOL) is showing strong bullish momentum after breaking above the 50-day Moving Average (blue line) with a significant volume spike. This indicates renewed interest and potential for further upside.
Technical Analysis:
Resistance Zone: $360 (recent high).
Support Zone: $330 (previous consolidation level).
Indicators:
Price has crossed above the 50-day Moving Average, signaling potential trend reversal.
Strong bullish candle backed by increased volume, confirming the breakout.
Volume spike shows growing buyer interest.
Trade Plan:
Entry: Consider entering above $352 for confirmation of sustained momentum.
Target:
Short-Term: $370
Medium-Term: $380-$390
Stop Loss: Place at $340 to limit downside risk.
Technical Analysis:
Resistance Zone: $360 (recent high).
Support Zone: $330 (previous consolidation level).
Indicators:
Price has crossed above the 50-day Moving Average, signaling potential trend reversal.
Strong bullish candle backed by increased volume, confirming the breakout.
Volume spike shows growing buyer interest.
Trade Plan:
Entry: Consider entering above $352 for confirmation of sustained momentum.
Target:
Short-Term: $370
Medium-Term: $380-$390
Stop Loss: Place at $340 to limit downside risk.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.