There was a gap-up in the chart, the stock jumped above the resistance level and started trading above it. Generally, it’s observed that these gaps may get filled aka the stock price comes back and fills the range (not always). That’s why I mentioned that the stock may fall down to this level. Also, previously as well it acted as the resistance, so now may become the first strong support.
Note: I may be wrong. Someone please correct me in case, will help me improve my understanding.
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