A double bottom is forming on the daily timeframe with a strong support of 207/208 which has not been broken since August 2020.
With earnings coming up in 2 weeks, I expect this double bottom to bounce to the upside.
Upside levels are 219 then 231.
With earnings coming up in 2 weeks, I expect this double bottom to bounce to the upside.
Upside levels are 219 then 231.
Note
A break of 207/208 area will push it to 201 which is also a very strong support. Curious to see how this plays out
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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.