Cardno has had a meaningful bull run since February when they realised financial earnings, and has since been trading in a channel pattern. The stock has had a lengthy pullback of about a month, however it has rebounded from the bottom support zone and looks likely to make a bull run towards resistance, the MACD crossover, steady RSI rise, and the increase in...
The idea is taken as a reference of the post of Rolly trader from twitter ... twitter.com
Reverse cupping action. Heading towards a a level which will confirm a LT trend line. Big volume at the peak indicating a dump by institutions. 50MA broken. 200MA testing.
Potential reversal of the long-term downtrend with MAs and volume support.