THE CHARTS CLEARLY SHOW A W BOTTOM FORMED. SINCE THE PRICE ACTION JUST CROSSED ABOVE THE MIDDLE SMA OF THE BOLLINGER BAND I WOULD SAY IT IS A CLEAR BUY. THIS IS FURTHER REINFORCED BY THE RETRACEMENT OF THE 61.8% FIBB SUPPORT LEVEL.
THE FIRST GREEN CANDLE STICK BROKE OUT OF ITS RESISTANCE (SEE BULLISH FLAG). SEEMS TO ME THAT THIS STOCK MIGHT BE READY FOR ANOTHER RUN UP. THIS IDEA IS FURTHER BACKED BY THE FACT THAT THE GRAPH ALREADY BOUNCED OFF THE 50.0% FIBONACCI SUPPORT LEVEL AND IS HEADED TOWARDS MY TARGETED PROFIT AREAS OF 88.6%, 100.0%, AND 128.0%.
