Hello Traders from around the world! =)
Well I'll veer away from posting about the fundamentals of the company as usual. This is merely my technical view point on the stock and what attracted me "technically" to the stock.
Well most importantly is the bottoming process the company experienced this year in the $11.00 - $15.00 range which also supported price about a year after the IPO low in the $9.00 area.
I also like how the long term moving averages have achieved a bullish crossover with strong breakout volume to support the break above $15 resistance after enduring a vicious selloff below $22.35.
Third, on a M1 (Monthly Candle Chart) price clearly found support and is trading strongly above the 10 EMA.
Hope you enjoy this chart analysis and always remember I personally never "marry" a bias and will switch bias if price proves my original intentions wrong. I do also scratch things off my watchlist sometimes if my plan gets invalidated and the opposite side of the trade isn't attractive.
Happy New Years,
Cheers. =)
Well I'll veer away from posting about the fundamentals of the company as usual. This is merely my technical view point on the stock and what attracted me "technically" to the stock.
Well most importantly is the bottoming process the company experienced this year in the $11.00 - $15.00 range which also supported price about a year after the IPO low in the $9.00 area.
I also like how the long term moving averages have achieved a bullish crossover with strong breakout volume to support the break above $15 resistance after enduring a vicious selloff below $22.35.
Third, on a M1 (Monthly Candle Chart) price clearly found support and is trading strongly above the 10 EMA.
Hope you enjoy this chart analysis and always remember I personally never "marry" a bias and will switch bias if price proves my original intentions wrong. I do also scratch things off my watchlist sometimes if my plan gets invalidated and the opposite side of the trade isn't attractive.
Happy New Years,
Cheers. =)