The stock tested highs at 1425 in the early part of 2018 and since then has been under corrective consolidation. The stock formed a base around its multi month pattern support area
of 1190-1220 which falls within close vicinity of the 200-DMA
. After pulling back, stock attempted a breakout while closing above its upper Bollinger band
. However, it saw a temporary pullback inside the band but looks to move up again. Daily MACD
is in continuing buy mode. Weekly MACD
has shown a fresh positive crossover and it is now bullish
while trading above its signal line. Weekly Stochastic
remains in continuing buy mode.