The stock has just broken above neckline ($65.83)of an “Adman & Eve” pattern with a larger candle. The lightning cloud is above the thunder cloud and is heading upwards with narrow shapes. Also positive, the future cloud of thunder cloud is also heading upwards, indicating that the upward momentum is getting stronger.
The 50-day (blue line) moving average is turning up and is playing a support role. The daily RSI stands firmly above its 40% level and is heading upwards. The MACD is above its 0-level and signal line, while the MACD histogram is broadening up.
In this case, the stock is likely to go further upside and challenge its next key resistance around $77.03 (Oct 2019 low + around 250-day (red line) moving average ).
The 50-day (blue line) moving average is turning up and is playing a support role. The daily RSI stands firmly above its 40% level and is heading upwards. The MACD is above its 0-level and signal line, while the MACD histogram is broadening up.
In this case, the stock is likely to go further upside and challenge its next key resistance around $77.03 (Oct 2019 low + around 250-day (red line) moving average ).