Cup and handle formation has confirmed after prices had a strong breakaway gap, thus giving a strong confirmation of the upside by the pattern. Additionally, the target level of 161.8% extension has yet to be met. Hence, we are looking at the stock correcting to the nearby demand zone before edging upwards.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.