Stock bounced at a very strong support line.
The candle of today was very strong as you can.
The stock also bounced at the 200 MA so that brings more strength to the bouce.
The stock was very strong on the bearish side last friday and yesterday it also showed some strength on the bearish side so before today the bears had complete control and power over the bulls.
Today, the stock finally did a good bounce and as you can see the bulls have now the control and i think we are going to see the stock continue to move higher because after a strong down move like that and because the stock stopped at a very strong support line, we are going to see a lot of sellers who took or will took their profits so i think there is potential.
The candle of today was very strong as you can.
The stock also bounced at the 200 MA so that brings more strength to the bouce.
The stock was very strong on the bearish side last friday and yesterday it also showed some strength on the bearish side so before today the bears had complete control and power over the bulls.
Today, the stock finally did a good bounce and as you can see the bulls have now the control and i think we are going to see the stock continue to move higher because after a strong down move like that and because the stock stopped at a very strong support line, we are going to see a lot of sellers who took or will took their profits so i think there is potential.
