Your guess is as good as mine with respect to the above question. Better to wait for the price to display its intentions. A breakout past the high of the trading range would be a positive outcome and could propel the stock into a mark-up phase.
Please be reminded that, this is a monthly chart and it makes sense to wait for monthly close above the range before jumping to conclusions.
Please be reminded that, this is a monthly chart and it makes sense to wait for monthly close above the range before jumping to conclusions.
Comment:
Price has managed to edge above the upper end of the trading range. If we get a strong close today (weekly close), it would be a major sign of strength and could mark the start of a big trending phase. This stock is in my watchlist and comes across as a Wyckoff Reaccumulation candidate
