I like this stock but only for a very short term move because earnings are in one week so im just looking for a 5 days move.
This is why i like this stock:
The stock bouced at a very strong support line.
There was a complete change of emotions today, a change of power. ( The bears had control last week and were in power but today with a gap up and with a close for a positive day, the bulls are now in control and have the power. A lot of bears are starting to wonder if the should exit tomorow if the stock move higher and maybe some people took their gains today so this looks strong for a reversal
When you see a nice downtrend move or uptrend move and then an indecision candle, it means that something is about to change in the direction of trend and this is what happen today.
This is why i like this stock:
The stock bouced at a very strong support line.
There was a complete change of emotions today, a change of power. ( The bears had control last week and were in power but today with a gap up and with a close for a positive day, the bulls are now in control and have the power. A lot of bears are starting to wonder if the should exit tomorow if the stock move higher and maybe some people took their gains today so this looks strong for a reversal
When you see a nice downtrend move or uptrend move and then an indecision candle, it means that something is about to change in the direction of trend and this is what happen today.
