The stock, despite hitting a 52-week high in August, couldn't sustain the momentum and retreated, finding support at the 50-DMA. However, it recently broke out of a 3-year consolidation, overcoming the 2,700 resistance level which had previously acted as a significant barrier. This breakthrough signals a potential shift in the stock's trajectory. While it currently trades above this crucial level, investors should remain watchful as the market continues to evolve.
