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While scanning Nasdaq stocks, I saw a rise direction preparation in the #zoom# chart. Let me share it with you.
A Cup & Handle formation and a small Bullish Flag formation have formed. For both to be active, a daily close above 89.74 should occur. A pullback after a close above the pink box should be awaited for a safe entry. Then, a stop can be placed below the box while monitoring the upper resistances.
It can be followed by taking profit at resistance levels or by raising the stop.
After such a decline, a rise of at least 60% of the decline can be expected.