stephanelibatd

OPEN TEXT CO Analysis

Short
NASDAQ:OTEX   OPEN TEXT CO
Hey guys, OPEN TEXT CO is in a bullish movement with a return of buy volume issued and a form of marubozu followed by buyers. In the TIMEFRAME M1 we see a marubozu with a large purchase volume made it came to test the top of a comfort zone. It is very plausible to breakout the price with a return of momentum at the same time the zone to interfere in the next one. And rise to make a new all-time high, with the test of the bullish channel accompanying the upper comfort zone. For the symbolic figure of 49.00 which is a sore point in the old bollinger spread.
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