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Strong Bullish Flag Forms for Systems Software Designer

by | Jun 8, 2023

Dolby Labs (DLB) shares are flagging in a sideways range and Thursday put in a strong bullish candle after retesting lower monthly value support into 72 and closing at highs back over the 8 EMA with a small trendline overhead now looking to be cleared. The stock can breakout above 83.50 value area high with first targets near 85 and then the early 2023 highs of 87.50 a likely next target. A close below todays lows at 82 is a good stop loss risk level.

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