Lots of technical signals going of on this stock. We have 2 back to back inverted head and shoulders, which is a strong signal in itself, but there are supporting factors for a move higher! We can see price action has found support at all three EMA's, which tells us price will head higher. On the 15 minute chart price is bouncing of a support area which was a pivot point. Huge divergence with MACD indicator signaling higher prices. Very important signal on the daily chart, we have an inverted hammer candlestick, or a spinning top, what ever you want to call it, bottom line its an important candlestick that told us price will head higher! Lots of technical analysis signals here. This is a great day trade!!!
Trade closed: target reached:
Out of the trade 28.27 3000 shares