Uptrend, reversal during recent retracement has been confiirmed 2 days ago!
Candles:
Bullish harami confirmed next day with white candles. Candles are tracing along 20d MA moving up! Last candle did not manage to close above previous day and long shadow is doubtfull ?
MA:
20d point up with bullsih crosover. 50d flat...could signal not ready to breakout the consolidaton yet?
Indicators:
RSI is on it way down and seems moving sideway..any signal of consolidation ?
Stochastic bullish cross below 50%.
MacD histogram dispalyed 4R1G bull signal 2 days ago.
Conclusion:
Immediate turn expect stock price to continue upward move and suspect it may need time to breakout as indicators still not confirm.
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