Trend :
Uptrend, Higher high, higher low, MacD signal above ctr.
Support :
2884 minor support/ 2840 (strong - rising window confluence with 20d MA) / 2800 20w MA support
Resistance:
2930 - 3000
Candles/ Moving Average :
Weekly and daily show retracing. 20d MA bullish crossover 50d and 100d MA is bullish.
Indicators : No bearish divergence
Bollinger band - stock is retracing towards ctr. of bollinger at 2840 also confluence with a rising window.
MacD - daily histogram 4R is pending 1R for entry sign, weekly MacD moving towards ctr. line.
RSI - daily overbought, moving sideway, weekly RSI is 53% hence, suspect this retracement is temporary.
Stochastic - moving down near 20% over sold expect limited down side.
Observations:
Strong support at 2840. If rebound around this level, also supported by 20w MA, stock could be continue the upward channel as shown in daily chart. Rebound around this level will reconfirm uptrend, higher low.
Any breakout below 2840 could potentially attemp to cover the rising window at 2800.
Weekly trend suggest between 2930 - 2686. Hence 2840 is critical level to watchout!


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