is showing a very strong recovery. After falling to a low of around 540-550 in February it has bounced back sharply in a V-shape. It is currently trading at 681.80 and is in a clear short-term uptrend consistently making higher highs and higher lows. Resistance the immediate challenge for the stock is the 700 to 720 zone. If you look at the chart from October and November the price struggled and fell from this area. A strong break above 720 would be a highly positive sign for buyers. Support if the price drops from its current level the immediate support is around the 640-650 area, where it recently paused before moving up again. The major long-term base is now set at the 550 bottom. The most important thing to watch in the coming days is how the price behaves near the 700-720 resistance level. If it breaks out above 720 with high volume the uptrend is likely to continue strongly. If it fails to cross that level it might consolidate move sideways for a while taking support above 640. 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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