Nice descending triangle
reversal pattern. Pattern broke through the upper line with a gapu up and very high volume
. The pattern was confirmed a couple of days ago when the stock made a pullback, Price is just over the pivot point
but under the 23.6% fib line Price target is around the 38.2% fib line at $19.34. If stock price would go down, stop-loss has been placed around a previous resistance now support level
. Good sign that volume
has decreased on consolidation. I'm not trading this stock but these are my views on it.