Turned BullishThe stock has broken above both lightning and thunder clouds, a bearish channel (formed since 2019) and the upper boundary of an inverted head and shoulder pattern, which is also the upper boundary of a rising wedge pattern. In addition, the lightning cloud has already crossed above the thunder cloud and both Span A and Span B are heading upwards with a narrow shape. On the other hand, the future thunder cloud has already twisted to bullish and is heading upwards.
The daily RSI stands firmly above its neutrality level at 50% and is heading upwards. The MACD is above its signal line and 0-level, while the MACD histogram is broadening.
In this case, we believe the stock has turned to positive.
