The stock is trading within a short-term bullish channel (formed since Mar 2020; purple line) and has broken above a long-term bearish channel (formed since 2017; pink lines). In addition, the prices have just broken above horizontal key levels at $33.38 and $33.97 with a larger bullish candle yesterday.
The lightning cloud is above the thunder cloud and is heading upwards with narrow shapes. Also positive, the future cloud of thunder cloud is also heading upwards, indicating that the upward momentum is getting stronger.
The rising 50-day (blue line) moving average is challenging the 250-day (red line) moving average in sight. The daily RSI stands firmly above its 50% neutrality level and is heading upwards. The MACD is above its 0-level and signal line, while the MACD histogram is broadening up.
In these perspectives, the outlook has turned to positive now and expect the stock to continue upwards and challenge the upper boundary of bullish channel first.
The lightning cloud is above the thunder cloud and is heading upwards with narrow shapes. Also positive, the future cloud of thunder cloud is also heading upwards, indicating that the upward momentum is getting stronger.
The rising 50-day (blue line) moving average is challenging the 250-day (red line) moving average in sight. The daily RSI stands firmly above its 50% neutrality level and is heading upwards. The MACD is above its 0-level and signal line, while the MACD histogram is broadening up.
In these perspectives, the outlook has turned to positive now and expect the stock to continue upwards and challenge the upper boundary of bullish channel first.