Vnet Group - Bullish trend in an early stage

VNET is looking at an early bullish trend continuation after the stock has broken out of the falling wedge and forms a pair of higher high and higher low. Uptrend remain intact since April 2024. Stock is likely to see strong upside going forward.

Long-term MACD just see a crossover. and histogram is positive. Stochastic oscillator has risen after confirming the oversold crossover and 23-period ROC is positive.

Volume is strong along with the uptrend and directional movement index is strongly bullish.

We see the target able to reach US$20.00. support will be at 7.65 and 6.27