This stock is featuring for the first time on our TradingView blogs. Current setup: Price is experiencing a strong trend and does not look like slowing down. Conclusion: As price has broken through a previous high on the daily timeframe it is looking good for a long opportunity. Any comments or questions, do not hesitate to leave them below. Give us the thumbs...
Pressure for a breakout has been building in the past few weeks. A Bullish engulfing candle could be the signal for more.
"While the market remains very competitive, there are the first signs of a change in market pricing dynamics coming through," said chief executive Tim Steiner Daily chart below shows a bullish symmetrical triangle breakout. Share prices has been riding along the support offered by the upper end of the triangle. Let us see if it spikes today...
Watching for close of play today.
Daily chart - higher lows on prices chart and RSI. Bullish DMI crossover. The share prices could head back to 286 (November high).