#Premarket Down-Channel Option Broken on MA Tests

Technicals:
1. Trading 4.45 in premarket as of writing, up 10.15%
2. Price had been oscillating through a down-channel option, and has broken it in an upswing
3. Currently, price is also respecting its MA's, having significant action after the 50 crossed through the 20
4. Latest candle has broken through diagonal resistance (red trend-line), and has broken through the 100. Next test at the 200 MA
5. MACD has pinched, and is signaling bullish


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For the complete  technical analysis  on this swing trading set-up, including full price extensions and bullish/bearish targets, click here: compoundtrading.com/...g-periodical-contact