Hey guys, these are my thoughts on EXPD: So we if we look at the long term trend, this is really bullish
and thats what we want, the medium trend is also bullish
and the short term is flat. we want to trade with the major trend and not against it, this is very important. First of all, the stock on friday broke a lot of resistances so this is very strong for a potential upmove. The stock just broke out of a nice flag pattern
with great volume
and finished very strong the day. The candle was very strong and we can see that the candle of friday bounced on the 10MA so this bring more strength for a reversal of the move from the downside to the upside. Also, if you look at the volume
during the little corection, the volume
was very low and thats what we want to see because that shows that the downside is not strong and that this is a healthy corection. So i will look to buy the stock on monday if it goes to 56.76.