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TradingMavericks

BAND BLUE SKY BREAOUT - MOMENTUM SETUP ON 2H CHART

Long
Bandwidth Inc. (NASDAQ:BAND)  
TradingMavericks  
NASDAQ:BAND   Bandwidth Inc.
Trend Analysis Chart Patterns Technical Indicators blueskybreakout flags band swingtrade
2
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trendanalysis chartpattern indicator blueskybreakout flags band swingtrade
Price recently broke out of a 4-week consolidation pattern above the 20-Day EMA.
Prior rally showed momentum with ADX>50 on the daily chart
MACD crossing up indicating the beginning of a price rally
Price above consolidated with very little volatility above the Marubozu breakout candle with substantial volume indicating potential support of the level
ADX/DMI accelerating
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