Watch These Grail Price Levels After Med Tech Company’s Stock Soared 64% Last Week | Global News Avenue

Holy Grail (GraalThe stock is likely to remain in the spotlight after it surged to a record high on Friday, capping a week of huge gains, on optimism about the medical technology company’s early-detection cancer screening blood test.

of the stock assembly Appears after oracle (ORCL) Chief Technology Officer and former CEO Larry Ellison said on Tuesday that early blood tests that detect fragments of DNA could be combined with artificial intelligence and genetic sequencing to develop personalized cancer vaccines. After Ellison made the above remarks at the White House President Donald Trump announces $500 billion AI infrastructure joint venture Involving Oracle, OpenAI and SoftBank.

Grail stock, spin off From Illumina Health (ILMN) last June, up 64% last week.

Next, we take a closer look at Grail’s diagram and apply technical analysis Point out key price levels worth watching.

cup and handle breakout

After carving out a cup and handleA similar pattern from June, with Grail stock breaking above the pattern neckline On Thursday, gains continued during the Friday trading session.

Importantly, this move happens at the top volume This could set the stage for subsequent purchases since mid-December.

also, Relative Strength Index (RSI) Although the indicator shows bullish price momentum overbought Friday’s reading raised the prospect of near-term profit-taking.

With the stock surging into blue-sky territory, let’s turn to the charts to predict what’s possible benefit goals and identify key support level Worth monitoring during pullbacks.

Measured Upside Target

Investors can use measure move techniques (also known as “measure move techniques”) to predict upside targets Measurement principlea method of analyzing chart patterns to predict future price movements.

When applying analysis to a Grail chart, we calculate the percentage change in cup and handle “cup” and add this to the pattern’s neckline value. In this case, we would move 100% to $23 with an expected upside target of $46, an area where investors can decide Lock in profits.

Key support levels to monitor

period callbackinvestors should first pay close attention to the $23 level. The stock is likely to attract support in the area near the neckline of the cup-and-handle pattern, which could reverse from its previous position. resist to future support.

Finally, if it falls below this level, Grail stock could revisit support levels. psychology $20 level. Investors may look for buying opportunities in this area that connect multiple trend lines crests and troughs on the chart going back to July Contrary to the trend High.

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As of the date of this writing, the author did not own any of the securities mentioned.