The commercial bank is making an ascending traingle, or a volatility contraction pattern. Volume is been declining throughout the formation and the price is above the 21 and 50 day MA. Also, has a IBD relative strength rating of 93. These are good technicals.
Next week reports earnings and the estimates are a $0.60 EPS, anything could happen after that report. I...
Price previously came to a support area and jumped back up. Now, it came back again to this support area to create a good entry for those who missed the initial support area bounce up. Price should go up, and there is a high reward to risk ratio so it's ok if it doesn't go up