08.07.2020
The stock continues the movement within an upward channel that appears in our chart after the price ended the upward correction movement to return the price to rise again after it broke the resistance 209.40.
The current price movement occurs between the support level 195.00 and the resistance level 221.23 over the medium term.
While the main targets will be at the support level 195.00 and the resistance level 232.90.
Moving averages are below the price (50 near support level 195.00 and moving average 20 near level 209.40) and increase the possibility of a further price increase.
While the stochastic is forming a negative crossover within the buying area, then it may pressure the price to retest the support before completing the bullish path.
The general direction of the movement: upward path
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