In October, the stock has already tested the falling trend line three times, starting from the high of $49.57. Currently, we see chances that the stock will move relatively directly into a new intermediate rally. Our main scenario foresees an increase to around $42.50. Above $42.50, the bulls could ignite the turbo and take off towards $50.
Below 35 USD, the sideways phase will widen and the bears will continue to resist.
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