VERANDA Approaching Breakout from Descending Channel
✅ The stock has been trading within a descending channel, with the price now approaching the upper boundary near 300. A breakout above this trendline could signal a reversal of the downtrend.
✅ The RSI is trending upwards around 66, indicating growing bullish momentum. The recent price action suggests a potential shift in market sentiment.
✅ If the stock breaks above the upper trendline, it could target higher levels, with 350 as a potential resistance. Traders should look for a confirmed close above the trendline to validate the breakout.
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