Why I like this stock:
The stock bounced at the 10 EMA.
The candle did a nice indecision candle and an indecision candle after a little retracement is great for a bounce on the upside.
The stock has been in a great upside move for months so when you see a big move on the upside and then a retracement, there is great chance that the stock will continue higher . The market move up , pause , then continue his prior move so this is what im expecting with this stock because the stock market always move in cycles.
So the fact that the stock bounce on the 10EMA, that the candle was bullish after a down move and that the stock is very strong on the upside since a year are reasons why i think this stock will go higher.
The stock bounced at the 10 EMA.
The candle did a nice indecision candle and an indecision candle after a little retracement is great for a bounce on the upside.
The stock has been in a great upside move for months so when you see a big move on the upside and then a retracement, there is great chance that the stock will continue higher . The market move up , pause , then continue his prior move so this is what im expecting with this stock because the stock market always move in cycles.
So the fact that the stock bounce on the 10EMA, that the candle was bullish after a down move and that the stock is very strong on the upside since a year are reasons why i think this stock will go higher.