I like this stock and this is why:
There was a nice breakout of a flag pattern .
The candle was very strong with very strong volume so im expecting the stock to go much more higher.
It is always the same, the stock move in waves and here is what happen all the time:
The stock move on the upside for a nice move with good volume then the stock retrace a little bit, the stock rest with low volume ( the stock cant go higher all time, it has to rest and this is where people took their profits , this is a pause from the upside move). Then, after that little consolidation, the stock broke out with good volume so this is just a continuation of the primary uptrend move.
There was a nice breakout of a flag pattern .
The candle was very strong with very strong volume so im expecting the stock to go much more higher.
It is always the same, the stock move in waves and here is what happen all the time:
The stock move on the upside for a nice move with good volume then the stock retrace a little bit, the stock rest with low volume ( the stock cant go higher all time, it has to rest and this is where people took their profits , this is a pause from the upside move). Then, after that little consolidation, the stock broke out with good volume so this is just a continuation of the primary uptrend move.