Why i like this stock.
Stock bouced at a very strong support and did a nice gain for the day.
There was a complete change of emotions today, a change of power. ( The bears had control last week and were in power but today with a gap up and with a close for a positive day, the bulls are now in control and have the power. A lot of bears are starting to wonder if the should exit tomorow if the stock move higher and maybe some people took their gains today so this looks strong for a reversal
When you see a nice downtrend move or uptrend move and then you see a nice uptrend move that close higher than the previous day close, it means that something is about to change in the direction of trend and this is what happen today.
Stock bouced at a very strong support and did a nice gain for the day.
There was a complete change of emotions today, a change of power. ( The bears had control last week and were in power but today with a gap up and with a close for a positive day, the bulls are now in control and have the power. A lot of bears are starting to wonder if the should exit tomorow if the stock move higher and maybe some people took their gains today so this looks strong for a reversal
When you see a nice downtrend move or uptrend move and then you see a nice uptrend move that close higher than the previous day close, it means that something is about to change in the direction of trend and this is what happen today.
