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Short-Term Forecast

1. Price Action
Current Price: $73.68 (+0.66%).
Resistance Level: Around $75.42 (recent high before rejection).
Support Level: Around $70.80 (recent low, aligned with EMA10).

2. Moving Averages
EMA5 ($72.35), EMA10 ($70.80), and EMA20 ($66.90):
The price is trading above all these EMAs, indicating short-term bullish momentum.
EMA5 is providing immediate support, suggesting buyers are still active in the market.

3. Volume
Volume: Moderate at 73.86M, lower than the peak volume seen during the sharp rally to $80.91.
Declining volume suggests a potential pause in momentum or consolidation.

4. MACD (Moving Average Convergence Divergence)
MACD Line (5.47) is slightly below the Signal Line (5.63), with the histogram showing small negative bars.
This indicates weakening bullish momentum, and the stock could consolidate or retrace slightly before another move higher.

5. RSI (Relative Strength Index)
RSI1 (63.97), RSI2 (67.46), RSI3 (69.65):
RSI levels are nearing overbought territory but still indicate moderate bullish momentum.
If RSI approaches 70+, a short-term pullback may occur.

6. Key Observations
The stock has retreated from its recent high of $80.91, showing resistance near $75.42.
The short-term trend remains bullish as long as the price stays above the EMA10 ($70.80).
Indicators suggest consolidation or slight retracement before the next move.

Short-Term Forecast (Next 3–5 Days)

Scenario 1: Bullish Continuation
Trigger: Buyers defend $72–$73 levels, with renewed volume and momentum.
Outcome: Breaks above $75.42 resistance, potentially testing $78–$80 levels.
Probability: 40%.

Scenario 2: Consolidation
Trigger: Lack of volume and market indecision.
Outcome: Consolidates between $70.80 and $75.42.
Probability: 50%.

Scenario 3: Bearish Pullback
Trigger: Failure to hold $72.35 (EMA5) or broader market weakness.
Outcome: Tests EMA10 ($70.80) or declines further to $68.
Probability: 10%.

Key Levels to Watch
Resistance: $75.42 (short-term) and $80.91 (major).
Support: $72.35 (EMA5) and $70.80 (EMA10).

Trading Strategy
For Bulls:
Enter near $72–$73 with a target of $75–$78.
Stop-loss: Below $70.80.
For Bears:
Consider shorting near $75 resistance if the price fails to break out, targeting $70.80.
Stop-loss: Above $76.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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