-Stock broke out of a downward channel and then consolidated for a few weeks with volumes drying up. -Stock broke out yesterday after consolidation, confirming a double bottom and an inverted head & shoulder pattern. -Stock also broke above a long-term resistance line that has been tested multiple times over the years. -Breakout was on high volume. -Stock sustaining above 50 DMA which has acted as resistance in the past. -Huge bullish divergence on RSI. -Bullish divergence on Stochastic. -Huge Bullish divergence on MACD along with MACD line crossing over 0.
-Bullish divergence on weekly MACD, RSI, and Stochastic as well.
Not n investment advice. Do your own due diligence. Disclosure: Invested.