We've got a good old-fashioned SMA50/200 golden cross with support from the SMA200. shows momentum trending upward again; the RSX indicates a strong positive trend but not yet overbought; and has bottomed out and looks ready to bounce at just the right time.
The bottom line of the channel is rapidly converging on the bottom BB, and the daily candles look ready to bust out of the top of the squeeze. Also, the A and C waves are positive and in agreement.
I'm going to wait on a market or limit buy in case this ricochets off the top band one more time for another wave of consolidation; however, to make sure I don't miss the boat, I'm setting a stop order to buy at 11.25. if you want to do the same thing and play more conservatively, you could set the stop at 11.50-11.60.