is after a massive bull run that peaked in early 2025 reaching highs above 520 the stock is currently in a primary downtrend. It is making lower highs and lower lows which indicates that sellers are currently in control. Recently support the stock is currently hovering around the 280 – 290 zone. This is a critical area because it acted as a base back in late 2023 and early 2024. If it breaks below this the next major support is near 240. Immediate resistance to show signs of recovery the stock needs to cross the 360 mark. Until it breaks that level any upward move is just a dead cat bounce a temporary recovery in a falling market. Volatility the chart shows high volatility with long wicks on the candles. This means there is a lot of indecision and rapid buying/selling intraday. Current standing at 290.90 the stock has lost nearly 45% of its value from its 2025 peak. It is currently searching for a support. For fresh buyers it is risky to enter right now. It’s better to wait for the price to stabilize and form a Double Bottom or a Higher High pattern. For holders keep a close eye on the 275 level. A daily close below this could lead to further deep corrections.

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