Today, the stock break the resistance with large volume. Then, based on weekly chart, the price also break MA20 and MA50 which is a good sign. Not only that, the stock just moving up from oversold region. Technically, I think this stock may go higher.
Comment:
This week, the stock formed a good candle with large volume and the price almost maintain above MA20. Hence, I stay bullish on this stock.
Comment:
Today, the price closed with green doji candle. In addition, the price still above support line. There is a chance the stock start to rebound from the retracement. Moreover, the price has just crossed the MA20 on the weekly chart.