Bulls are taking over. Indicated by the strong bullish hammer and stochastic turning from the oversold area. Added in MACD to further enforce the arising bullish trend. Shows signs of being a good growth stock but definitely worth swing trading over the next two weeks.
Reversal Strategy Based on: 1. Price touches or goes below the bollinger band. 2. Stock is trading near or in the oversold region according to the stochastic oscillator. 3. Price formed a bullish hammer and on the following trading day, price did not reach that low. To reaffirm my strategy, I put in RSI and ADX(with DI+ and DI-) to show that momentum is growing...
Kept it simple with this analysis. Last few candles for AZ were bullish, and we saw it pop up on Friday. I am confident it will at least get to 3.30, its resistance level. RSI indicates bulls gaining momentum. However, I also feel like it might break past its resistance level this time as it has reversed at its lower bollinger band with a strong bullish signal twice now.
Israeli-based research company engaged in the development of cannabinoid-based therapies; I am hoping its at its bottom and nowhere to go but up...