Recently, price has pulled back toward this long-term trendline, giving what looks like a discounted entry compared to recent highs. From a risk-to-reward perspective, this area becomes especially interesting because the trendline provides a clear level to manage risk.
If this is one of your favorite stock, this is a level you should be paying close attention to over the next couple of weeks. As long as the price continues to respect this trendline, the structure remains intact and the setup stays attractive. A strong reaction from this level could lead to another leg higher, while a break would signal a change in trend worth reassessing.
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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.
