It's not a weekend but chart looks good to me wrt. price action.
After breaking out of the earlier ATH and retesting the stock made a nice base consolidating weeks in ~29% range with low volumes on down weeks and now breaking out of it and sustaining above it for 8 weeks in a tight range of 13%.
Monday it showed nice strength and made new ATH with volume support.
On a weekly TF it is above its key moving averages.
I know some might question - Stock had already moved 100%. Are we not late to party? I would rather say, it's never late to the party unless you manage your risk and position sizing.
So we wait for a confirmation here and trade as per the price action.
Disclaimer: This is just an analysis and not a buy / sell signal. If you intend to trade this counter, do your own due diligence and trade at your own risk.
After breaking out of the earlier ATH and retesting the stock made a nice base consolidating weeks in ~29% range with low volumes on down weeks and now breaking out of it and sustaining above it for 8 weeks in a tight range of 13%.
Monday it showed nice strength and made new ATH with volume support.
On a weekly TF it is above its key moving averages.
I know some might question - Stock had already moved 100%. Are we not late to party? I would rather say, it's never late to the party unless you manage your risk and position sizing.
So we wait for a confirmation here and trade as per the price action.
Disclaimer: This is just an analysis and not a buy / sell signal. If you intend to trade this counter, do your own due diligence and trade at your own risk.