STM is looking at a strong bullish rebound to the upside

STM has rebounded strongly and recent cup and handle formation has complete its 1st stage of confirmation, left only the breaking of its key resistance at 27.41.

The stock has also broken above the intermediate downtrend line which started since June 2024.

Bullish momentum from long to short-term is in tandem and as such, we are eyeing a target of 38.96 and 45.00.