(Current Price: US$596.21) – TECHNICAL BUY
Buy price: US$596.21 Stop loss: US$568.00 Take profit: US$700.00
The price formed a bullish consolidation pennant following a breakout of the long-term downtrend channel. We are likely to see follow through of the bullish momentum to drive the stock price higher to retest the next key horizontal resistance level at US$700.
Expected timeline of the trade is 1-2 weeks from the date of report issuance.
Join our telegram channel on technical analysis for trends, entry and exit prices over Stocks, ETFs, and Indices!Featuring regular TA posts and requests to analyse specific stocks