The stock has shifted from a downtrend to an uptrend. Earlier we saw lower lows, but now price is forming higher lows and holding above the 20 EMA, which shows a clear change in trend.
Volumes have slowly increased during the recent rise, which means buyers are participating and supporting this move.
Momentum is positive. RSI is above 50 and trending upward, showing growing strength and buying interest.
The recent two candles have formed a bullish engulfing pattern. This shows strong buying after a small pullback. It suggests that buyers are in control and dips are being absorbed, keeping the short-term trend positive.
Volumes have slowly increased during the recent rise, which means buyers are participating and supporting this move.
Momentum is positive. RSI is above 50 and trending upward, showing growing strength and buying interest.
The recent two candles have formed a bullish engulfing pattern. This shows strong buying after a small pullback. It suggests that buyers are in control and dips are being absorbed, keeping the short-term trend positive.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.