Daily analysis: - Hammer candlestick on support zone. Volume at the higher end of the spectrum. - Both breakout volume on 14th Jan is decent. - Not much resistance to the left
Weekly analysis: - Very big range drop and starting to form a bottom - Big range drop on 04th of Nov means not much resistance when going long after the range breakout
Intraday analysis: - Bear's interest in the stock seem to be decreasing based on the volume.
Extra: - The stop lost is calculated by adding (ATR/2) to the low of the candle. It doesn't make sense to add a full 1ATR because of the long hammer tal. The stop lost would had be below the bottoming support otherwise