A reversal has formed on the daily and that is a hammer with a long shadow which requires no confirmation at all. the trend just retraced but is still going to move up abit more. the 50 sma is above the 200 sma and you can clearly see that the bulls have the most power. The weekly as well has been moving up well to give that indication that a buy is not so bad. Be careful of any possible reversals that can occur.