The stock exhibits several promising signals:
- RSI has crossed the 50-line, indicating potential buying momentum
- MACD has crossed its signal line, hinting at a bullish trend
- Trading volume has surpassed the moving average, suggesting increased market activity
- The stock has gained ground for 2 consecutive weeks, outperforming the 200-day moving average
Market structure analysis reveals:
- The stock has touched the 150% Fibonacci level twice, forming a double bottom pattern.
Factors to monitor:
- An upcoming stock split on May 24th
- The stock is currently trading at a strong resistance level, with the 21-day moving average providing support
- The stock is expected to face significant resistance at the 0.6 and 50-day moving average levels
- A potential test of the 0.634 price could signal a very strong resistance zone
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.