From a chart perspective, we are currently seeing something remarkable. The stock has shown high momentum in the last four trading days, rising by around USD 50. In doing so, it established a clean short-term uptrend and reclaimed all relevant moving averages. A bullish pressure build-up in Bitcoin accompanies this. Our main scenario is that the stock will soon reach the falling trend channel line, consolidate briefly, and then break out. A rise above $225 would result in a potential of up to $285.
The stock would detour as soon as it fell below $179, bringing the $120 range into focus.
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