Price Action
- Head and Shoulder Bottoming Pattern formed and price has broken the neckline and previous top to confirm an uptrend.
- Price made a new high [ higher high ] with a current bullish candle which closed near its high.
- Breakout on the upside ,from the down-sloping trending, with good volume.
Candlestick Patterns
- Piercing Pattern appeared at the support of 30 week moving average, indicating near term bullishness.
- Bullish Belt hold candle appeared which opened at previous close and almost closed near its high
Bollinger Bands
- Bollinger Bands are flattened, indicating range bound price action or a base formation.
- Price is riding the upper Bollinger Band indicating increased momentum.
- Price has pulled back to Bollinger band moving-average.
MACD
- MACD continues to point-up and indicates an acceleration based on the recent near crossing.
- Histograms are making a new high
MOVING AVERAGE
- Major Moving averages are curving-up
STOCHASTIC
- Stochastic continues to point-up in an overbought territory.
- It is moving in a overbought territory indicating strength in prices
ANALYSIS
- All indicators and price action signalling strength in stock.
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