IESC- Long

567
The chart shows a clear uptrend over the past year.
Price formed a rounded bottom (cup-shaped base) and has broken above the neckline near $320–$330, confirming a bullish continuation pattern. Current price around $381 indicates sustained bullish strength.
Volume rose meaningfully during the breakout above $330, confirming the validity of the breakout. Prior to the breakout, volume was lower during consolidation, which is typical before a strong move.
Cup and Handle breakout confirmed above $330 neckline.
Current breakout is clean, backed by momentum and volume.
The stock is in a confirmed uptrend, backed by strong momentum and volume. Best strategy: Buy on dips near $340–$350 or add above $390–$400 with confirmation. Targets: $450 short-term, $500–$520 long-term. Maintain disciplined stop-loss placement to manage risk.

Penafian

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