Looks like a bottom with higher volume on a reversing hammer at support
Also most volume on options contacts for friday are on the 22.50 Call
last candle was also a #13 for the TD Sequential count on the daily chart also supporting a reversal
In an Up Channel
Broke-out of Ascending Triangle and may be testing support for a 2nd buying oppurtunity
Also Seasonality of % Months XLY outperforms SPY over last 20 Years is 50% for Jan and 70% for February.
Bullish on MSI
Analysis Price Target: 180.19
Short Float: 1.41%
Looks to be bouncing off trendline support
Crossed 50 SMA
Should fly after breaking out of its current down channel
Also showing a Tower Bottom Candlestick Pattern!
Trailing Stoploss: -3.75 (1.5 x ATR)
Profit Target: 180
Risk/Reward Ratio: 4
Willing to increase position on Channel...
RSI Buy Signal
Stochastics Buy Signal
MACD Buy signal and Bullish Divergence
Also when using Fib the 61.8% lines up pretty good with the previous peak.
Lastly there has been increasing volume
Candle pattern: Peirching pattern
MACD: 4hr and under bullish, but early for 1D
Double bottom support held
Fibonacci chart saying it could run past 15
In with trailing stop.