Breakout and Pullback

The big picture of this Chart show me how the price rebound two times at $7.00 and is easy to observe the big spikes one in 2008 and the other in 2016 then I transfer my attention to the now and I can observe the resistance breakout with your respective pullback, the Pullback need confirmation this means you need to go to the Daily Chart and follow and wait for some kind of rebound represented with a bull Candle around 19.20 or something around. In other words you need the support of the pullback for a better entry you understand me
Other aspect I like is the high volume a few weeks ago
This kind of ideas are for Investors with a high holding horizon (Swing or Position Trading) more than 8 Months and for building Diversified Portfolios with several stocks
The other aspect is: The Fundamentals Reasons are your homework I only provide the Technical Analysis and the Entry criteria.
I only recommend Stocks with a High Volume and with a High Beta coefficient (No penny stocks) of unknown Companies.
Only Weekly View for Investors
Charts are for educational purposes only. Entries are not recommendations, solely opinions I am not licensed to provide investment advice
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