has experienced a prolonged downtrend over the past year sliding from highs above 600 down to the 340–360 range. However the aggressive selling pressure appears to have exhausted itself and the stock is now in a phase of sideways consolidation or accumulation. Major support the 340 to 360 zone is acting as a very strong demand area. The price has tested and bounced off this level multiple times a double/triple bottom pattern between late 2025 and early 2026 creating a solid foundation. Immediate resistance on the upside the stock faces heavy supply around the 470 to 490 zone. It recently rallied to this area but faced rejection leading to the current downward pullback. After hitting the recent peak near 480 the stock has corrected back down to the 411 level. The latest bullish green candle indicates that buyers are stepping back in. With your two years of experience tracking market momentum you'll recognize this as a critical junction if the price reverses upward from here it could form a higher low which is an early sign of a trend reversal. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.

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