Confluence of factors to support this view:
1. golden crossed on 4Jan23
2. 200 day MA is now flattening out
3. beginining to break out of a 2 month sideway consolidation (>86.89)
It is possible that the stock could dip back briefly into the consolidation range in the near future but we are likely to see a higher low should this happen.
Disclaimer: Just my 2 cents based on pure TA and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
1. golden crossed on 4Jan23
2. 200 day MA is now flattening out
3. beginining to break out of a 2 month sideway consolidation (>86.89)
It is possible that the stock could dip back briefly into the consolidation range in the near future but we are likely to see a higher low should this happen.
Disclaimer: Just my 2 cents based on pure TA and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!