Recent MACD crossover and mid-range RSI suggest bullish momentum. Trendline tested 5 times. Long with a $62 target, stop loss at 57, trading low of recent pull back.
Bullish: Trading above support after sideway trend and gap up, suggests continuation also trading above 9 day ema. Stochastics imply overbought conditions however, - small pullback expected.
NEUTRAL: Potential rising wedge formation, awaiting test of support around $10 level or support trend line. Wait for reversal candle stick for entry, target resistance trend line.
NEUTRAL: Failure to retest recent high and convergence of MACD and signal line indicates stall on upward momentum. Wait for clearer candle stick pattern for directional bias.
Downward trending, against resistance. Oversold, stochastic at support price level indicates possible retrace. Reinvorced my decreasing downward momentum on MACD. Wait for bullish candle signal for entry.
SHORT: Breakthrough bearish ascending wedge on December 3 after failure to break resistance around $17.20. Bearish Stochastic / RSI reading and downward sloping. Heavy volume on gap down. Expected to stay below resistance at $16 to support around $12 or $14.
