Link below to my prior coverage from 5/18. Stock is setting up very well. Mainly looking at how the EMAs are setting up here. 5/20/50/200 period EMAs. (orange/blue/purple/black)
Daily chart: you can see how nicely the EMAs have fanned out with price finding support on the rising 20 EMA during the May run up, and just today closing above that 5 day EMA again, this will likely run into the end of the week. Also, just glance back over the long term consolidation since 2014, I cannot find that kind of hard support on the 200 EMA that just occurred at the $5 level back in Feb - May. Another bullish sign is the pickup in volume since February with the low volume days mostly occurring during consolidation periods. Likewise, OBV continues to make ATHs.
Weekly chart: Weekly 20/50/200 EMAs converging provided very strong support during the Feb-May consolidation. Weekly EMAs remain tight and have plenty of room to fan out with the the 5 Week and 20 Week leading the way. By far the most impressive part of this chart is the 50 week EMA will be crossing ABOVE the 200 week EMA for the 1st time since February 2010.
I am looking to enter upon a break of $7.5 but I even like buying some at the current price
Daily chart: you can see how nicely the EMAs have fanned out with price finding support on the rising 20 EMA during the May run up, and just today closing above that 5 day EMA again, this will likely run into the end of the week. Also, just glance back over the long term consolidation since 2014, I cannot find that kind of hard support on the 200 EMA that just occurred at the $5 level back in Feb - May. Another bullish sign is the pickup in volume since February with the low volume days mostly occurring during consolidation periods. Likewise, OBV continues to make ATHs.
Weekly chart: Weekly 20/50/200 EMAs converging provided very strong support during the Feb-May consolidation. Weekly EMAs remain tight and have plenty of room to fan out with the the 5 Week and 20 Week leading the way. By far the most impressive part of this chart is the 50 week EMA will be crossing ABOVE the 200 week EMA for the 1st time since February 2010.
I am looking to enter upon a break of $7.5 but I even like buying some at the current price
