Looking at the daily timeframe we can see, that the price has made a brekout above the previous support/resistance line, and more recently made a smaller pullback back to this line. As the stock does not look like it is overbought to us, we do expect another bounce from this line to the bullish side.
The four hour chart does not provide us with any aditional information. We still believe, that a bullish bounce from the before mentioned support/resistance line should be expected.
Feel free to grab a copy of our Free Weekly MArket Outlook here:
mailchi.mp/bc78576d6...eweeklymarketoutlook
We wish you good luck with your trading!
The four hour chart does not provide us with any aditional information. We still believe, that a bullish bounce from the before mentioned support/resistance line should be expected.
Feel free to grab a copy of our Free Weekly MArket Outlook here:
mailchi.mp/bc78576d6...eweeklymarketoutlook
We wish you good luck with your trading!