Breakout and formation of cup and handle

3 thg 8, 2021

The stock has shown a breakout from its previous resistance level of around 136 with great volume. There is also a formation of the cup and handle formation on the weekly time frame chart. There is a buy call in the stock with a price target of 250 and a time target of 6 months. The stock has also seen a MACD crossover and breakout of RSI above 60 levels.