is daily chart shows a significant shift in market momentum. After enjoying a massive bull run that peaked near the 360 level in mid-2024 the stock has transitioned into a clear downtrend. Over the last several months it has been forming a consistent pattern of lower highs and lower lows indicating that sellers currently have the upper hand. Current Price 249.95. Immediate support the stock is resting right on a critical support zone. If you look back at early 2025 on the chart the price found strong buying interest in this exact area and bounced sharply. Immediate resistance if the stock tries to recover it will face heavy selling pressure around the 280-290 mark which was a previous support level that was broken. The bearish view if the price breaks down and closes below the 240 level with high volume it signals a continuation of the downtrend. This could open the doors for a further fall toward the 220 levels or lower. The bullish view if the 240-250 support holds we might see the stock consolidate or experience a short-term relief rally. However a genuine trend reversal won't be confirmed until it breaks the pattern of lower highs by crossing above 290. 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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