Firstly, the stock finished yesterday’s session forming second in five days which resulted in (5) divergence.
Secondly, the share price has currently stopped its downward correction at its previous which was violated by a gap move up.
Thirdly the price reached its 50 moving average which has a tendency to serve a for this stock.
All in all we would assume the price go up to its previous high of $40 as our first target.
For more ideas visit mercuriusam.wordpress.com