Four-months resistance at $7.25 finally was broken on strong catalyst - better than expected Q3 . Also, it was nice to see how previous resistance became support as price for the last two days confirmed this thesis. , ignited bars with close near highs give me more confidence. Now, it looks a bit extended from short-term 8/21 EMAs, so it will be nice to see consolidation above $7.88-$8.00. It will keep active traders attention. If not, we have another level from where it started recent move up at $7.53 and finally zone of support around $7.25. The higher it will hold the higher is probability for continuation move. Target is $8.71-$9.00 from where it started its move down after huge gap down on .
Overall market remains strong hovering near historical highs.