There is also a bullish flag pattern forming on the daily timeframe, suggesting that buyers are interested in pushing the price higher, making it more enticing.
In addition, the stock's earning per share (EPS) have improved for two consecutive quarters, hence the recovery of the stock.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.