The stock price has formed a Cup & Handle-like pattern in recent years. In recent sessions, gave a breakout and on the retest levels now.
If it bounces back from these levels, may go into a bullish phase again which may carry the price to 255/305/ 450.
This setup is valid unless the price sustains above the purple trendline as shown on the charts.
In this kind of trade, one has to keep the position size and stop loss according to risk management.
This is only for learning and sharing purposes, not a piece of trading advice.
I wish you a very HAPPY NEW YEAR 2025 & All the best for your trading journey.
If it bounces back from these levels, may go into a bullish phase again which may carry the price to 255/305/ 450.
This setup is valid unless the price sustains above the purple trendline as shown on the charts.
In this kind of trade, one has to keep the position size and stop loss according to risk management.
This is only for learning and sharing purposes, not a piece of trading advice.
I wish you a very HAPPY NEW YEAR 2025 & All the best for your trading journey.
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