The stock has been in a down trend for nearly 18 months. It has been moving is a wide downward channel. Now after recovering from the bottom of the channel . making higher highs,
consolidated for some time around the 30 week moving average and moved past the 200 ema.
Now attempting to move out of the channel. Good volume support is seen. Relative strength, Money Flow and Buying Pressure are turning positive. Looks like the the stock is finally out of the woods and could move up.
consolidated for some time around the 30 week moving average and moved past the 200 ema.
Now attempting to move out of the channel. Good volume support is seen. Relative strength, Money Flow and Buying Pressure are turning positive. Looks like the the stock is finally out of the woods and could move up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.