is currently locked in a massive multi-year range. Since mid-2021 it has been swinging widely between the 1200 zone and the 2400 zone. After a strong run-up recently the short-term trend has aggressively flipped back to a downtrend shown by the steep red candles and lower lows. There is a very clear and formidable resistance zone around the 2400 to 2500 mark. The stock has tested this area three major times mid-2021 late 2023, and late 2025/early 2026 and faced heavy rejection each time. This multi-top formation acts as a massive supply zone. Immediate Support 1700 - 1800 the current price of 1794.30 is hovering near a historical minor support zone. The stock has found some buying interest in this area in the past late 2021 and 2022. Major Support 1200 - 1300 if the current selling pressure breaks through the 1700 level the chart shows empty space down to the next major historical demand zone around 1200–1300 which was the strong base formed in mid-2022. The immediate momentum is clearly bearish. The stock was rejected hard from its all-time high resistance and is currently sliding down. Trying to buy right now would be like catching a falling knife. It is best to wait and observe if the price can consolidate and form a bullish reversal pattern near this 1700–1800 support zone. If it fails to hold this line the chart structure suggests further weakness ahead. 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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