After bouncing off its channel support with a rounded bottom, we are looking at the beginning of a bullish
reversal. Within the oversold stochastic
, there has just been a bullish
crossover. The MACD
is beginning to converge. Furthermore, it's still trading above the ichimoku cloud
, which also acts as a support. To top it all off, the technicals lined up here have already triggered all previous bullish
reversals within this channel. It would probably be wise to go long.