After six weeks of [consolidation], The stock has broken out from a cup- with- handle and gained around 37% from its pivot level in just 24 trading sessions.
The stock is in a bullish trend and has not displayed any sign of weakness yet. It is trending above all its key moving averages on multi- time frame charts, and it has also closed on positive notes for the past six months.
Today, it formed a big bullish candle with a higher- high and higher- low price structure on the daily chart and gained around 15% in intraday.
After a small 11-day [consolidation] , the stock broke out, and today, it formed a big bullish candle with a higher- high and higher- low price structure on the daily chart and gained 20% in intraday.
On the higher time frame chart, it is still trading above its long- term key moving averages. However, it is trending above all its key moving averages on the daily chart.
The momentum indicator RSI has entered bullish territory today, and another momentum indicator, MACD, is also trading with a positive cross over.
The stock has broken out given a saucer pattern after 21 weeks of [consolidation]. Today, it has formed a big bullish candle with a higher- high and higher- low price formation on the daily chart.
The stock is in a bullish trend on all multi- time frame charts and currently trending in uncharted territory with no sign of weakness.
The momentum indicator RSI is trending in the bullish territory today, and another momentum indicator, MACD, is also trading with a positive cross over.
The stock is soaring higher and moving with strong momentum after reclaiming its 200 DMA on October 13, 2021.
The stock has been closing on a positive note for the past six days in a row, and today also, it has formed a big bullish candle with a higher- high and higher- low price structure on the daily chart.
It is trending above all its key moving averages on multi- time frame charts.
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