RBRK Weekly Analysis & Trading IdeaRubrik, Inc. Class ABATS:RBRKvf_investmentHi traders, Weekly Trading Strategy The stock is showing a potential double bottom or rounding bottom formation on the weekly chart after a period of decline. Key Technical Observations: • Support Level: Holding strong around the 27.50 - 28.00 zone. • Resistance/Breakout Point: The immediate horizontal resistance is at 36.00. A weekly close above this level could signal a trend reversal. • RSI: The RSI is currently around 48, moving upwards from oversold territory, suggesting gaining bullish momentum. • Moving Averages: Price is currently testing the 20-week EMA. Idea: Accumulate near support at 28.00 or wait for a confirmed weekly breakout above 36.00 for a long-term swing trade. Target the prior highs near 40.00+.