My Technical Thesis
The chart appears to be in a late-stage momentum advance after a strong rally. Rather than continuing straight higher, the stock could spend several weeks shaking out weak hands before making another attempt at new highs.
Bearish Scenario (Higher Probability in the Near Term)
Target 1: $184–186
This would be a normal pullback into prior breakout support.
Expect buyers to appear here first.
Target 2: $175–178
Roughly an 8–10% correction from current levels.
This would still leave the longer-term uptrend intact.
If this level holds, it would be a very healthy reset.
$165–170
Late July or early August
This is where I'd expect institutions to become aggressive buyers if the broader market also weakens. I feel as though a lot of buyers are still in profit and will sell a bit to lock in their gains.
This is not financial advice. Please don't take advice from a guy on tradingview. No Way!!! Trade wisely.
The chart appears to be in a late-stage momentum advance after a strong rally. Rather than continuing straight higher, the stock could spend several weeks shaking out weak hands before making another attempt at new highs.
Bearish Scenario (Higher Probability in the Near Term)
Target 1: $184–186
This would be a normal pullback into prior breakout support.
Expect buyers to appear here first.
Target 2: $175–178
Roughly an 8–10% correction from current levels.
This would still leave the longer-term uptrend intact.
If this level holds, it would be a very healthy reset.
$165–170
Late July or early August
This is where I'd expect institutions to become aggressive buyers if the broader market also weakens. I feel as though a lot of buyers are still in profit and will sell a bit to lock in their gains.
This is not financial advice. Please don't take advice from a guy on tradingview. No Way!!! Trade wisely.
I AM HIM
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I AM HIM
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.