After marking its peak near 534, the stock remained under falling trajectory under a corrective decline. Over past couple of weeks, it has attempted to form a base in the 410-440 zones. RSI
has marked a fresh 14-period high and this is bullish
is also seen breaking out of a pattern formation. Being a lead indicator, price is expected to follow. Daily MACD
stays positive trading above its signal line. A big white candle appeared on the Weekly Chart and it is significant as it appeared near the strong support area
of 50wMA. A buy signal has emerged over Stochastic
over the Weekly chart with a bullish divergence
against the price. Trend reversal is expected. Any move below 398 will be negative for the stock.