Rising Channel With Expected Pullback and Volatility

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Rising Channel With Expected Pullback and VolatilityNordic Semiconductor ASAOSL_DLY:NODkristian6ncqqNordic Semiconductor is trading within a well-defined rising channel. As price approaches the orange resistance trendline, a pullback toward the lower boundary of the channel is expected. Historically, price tends to consolidate with elevated volatility around this rising resistance before making a decisive move. Such consolidation can build the foundation for a potential gap up and continuation higher within the channel. However, after a gap up, the focus shifts toward risk management, as price often forms a local top followed by a sharp pullback. This phase typically favors gradual profit-taking rather than aggressive new entries.