Broke through the 50 DMA, VWAP resistance and Volume shelf.
Based on DINAPOLI D-Levels and MACD cross-over
Nice hammer, although I I see that correction is too steep yet compared to its impulsive wave from 78.14 to 87.10. I would like to see correction go a little side ways, up and down movements before going in. Maybe we're just seeing the end of a A wave. Note that a red hammer is not as bulling than a green one.
This parallel channel is congruent to Elliott Waves. If price closes bellow PC, its good time to secure gains. If price continues rising, continue holding on.
Ascending wedge, suggests near end of trend. Before the pull-down price can shoot up above the trend but shall go down. Once the price is clearly bellow the lower trend, theory suggest that price should go down the same magnitude of the beginning of formation.