As can be seen, after the slight downtrend, the 9MA has surpassed and overtaken the 18 and 50MA. The 9MA is also on pace to cross the 200MA for the first time since the middle of September when charted on an hourly basis.
Something else to consider is the slight bullish divergence which confirmed the downtrend losing steam as was indicative of the increase in security price around the 5th of October. MACD also confirming momentum for the Bulls during this period. I will be following this stock closely in the coming days with earnings being released prior to market open on Friday.
Something else to consider is the slight bullish divergence which confirmed the downtrend losing steam as was indicative of the increase in security price around the 5th of October. MACD also confirming momentum for the Bulls during this period. I will be following this stock closely in the coming days with earnings being released prior to market open on Friday.