BRKS recently had a massive volume which bumped the price up by around 30%.
The technical indicators on this stock are showing ongoing strength with consistent growth in on-balance-volume and accumulation/distribution.
I missed out on the best opportunity to buy before the price spike but in my opinion, the price is not going to fall back to the primary support...
BRKS just broke the resistance level which may present a buying opportunity. The RSI level is in overbought position but, if we check the RSI history, there is still room for growth(some people say that "there is not such a thing as an overbought or oversold position"). BRKS has also broken the upper resistance level of a triangle pattern which confirm the uptrend...
Buying some BRKS on this pullback, should be an exhaustion of sellers at this level and buyers should regain control here. Trade has good risk vs. reward.
Target 1: $26.25
Target 2: $31