The stock has broken out of the existing upward trend channel. This is to be seen as an acceleration of the trend. A so-called “break-away gap” can be seen in the chart. Our main scenario envisages further price increases up to the USD 300 range. The chart picture is extremely bullish.
Only a relapse below the 240 mark could be followed by further losses to the 222 USD range before the trend resumes.
Below the 222 USD mark, the chart picture would have to be assessed as significantly more neutral.
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