The price is close to the upper trendline of the channel and is at a level where selling pressure is more likely to occur. Personally, I believe that the stock is overvalued from a financial standpoint, especially in a situation where the overall market is at an all-time-high valuation.
I'm not comfortable holding onto the stock at the current valuation, so I decided to take profits and look for better opportunities elsewhere. I booked a profit of approximately 17.15% in this trade. I will consider re-entering if the price crashes and falls back to the lower channel line.