Parallel Channel on Columbia Banking System

COLB stock price is in the middle of a parallel channel pattern, already had 4 bounces against the upper ressistance level and 3 bounces against the lower support level, the last of which just happened. Target price would be the upper level of the channel. Stoch RSI is oversold and MACD is showing a fast convergence between MACD and Signal Line, anticipating a bullish cross.

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