*Overall trend is bullish.
*Recent selloff from all time highs around 490 resulted in bearish channel which was pullback
*Seller failed to push prices past previous support area of 430.
*Bearish channel broke by upside gap due to postive earnings release
*Earnings release : positive earnings and revenue growth beating analysts forecast by 2.29% and 1.59% respectively.
*Channel resistance retested, by selloff after earnings release, close above 50 day moving average indicating buying pressure
*buying pressure pushes prices past previous high indicating buyers are in control.
*Recent selloff from all time highs around 490 resulted in bearish channel which was pullback
*Seller failed to push prices past previous support area of 430.
*Bearish channel broke by upside gap due to postive earnings release
*Earnings release : positive earnings and revenue growth beating analysts forecast by 2.29% and 1.59% respectively.
*Channel resistance retested, by selloff after earnings release, close above 50 day moving average indicating buying pressure
*buying pressure pushes prices past previous high indicating buyers are in control.
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