Duolingo is a language-learning platform that offers free and premium courses to millions of users worldwide. With its gamified approach and interactive lessons, Duolingo has gained popularity as a convenient and effective way to learn new languages.
The stock of Duolingo, ticker DUOL, is showing signs of a potential long-term breakout. After a period of consolidation, the stock has been gradually trending higher, forming a series of higher highs and higher lows. This indicates a bullish trend and suggests that buyers are gaining control.
Furthermore, the stock's recent price action has brought it close to a key resistance level, which, if broken, could trigger a significant upward move. Traders and investors should closely monitor the stock's price action and volume to confirm the breakout.
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