I like the stock because there is a nice breakout of a big descending triangle so this is strong. ( Yeah the stock did not totally broke the trendline and this is why i putt my entry above that trendline to make sure that the trend is very broking out of that trendline).
The candle today was very strong, open nears i low and close at his high shows the strenght of that candle and the buying pressure there is so im expecting a move on the upside.
As you can see also the stock did broke a tight range of a little symmetrical triangle so this is also good sign for a move on the upside.
The stock not only broke that tight range it also broke the EMA 10 and 20 so i would no be suprise if we see a move on the upside over the next week , this is why im bullish on the stock.
The candle today was very strong, open nears i low and close at his high shows the strenght of that candle and the buying pressure there is so im expecting a move on the upside.
As you can see also the stock did broke a tight range of a little symmetrical triangle so this is also good sign for a move on the upside.
The stock not only broke that tight range it also broke the EMA 10 and 20 so i would no be suprise if we see a move on the upside over the next week , this is why im bullish on the stock.