A base has been forming since 2011, but the buyers currently have the upper hand after successfully breaking the long-term down trend ling. The bulls can maintain momentum by constraining prices within the small upward channel developing on the longer time frame. Consider a pullback to up trend line as an opportunity to buy with limited risk. Near term target aims to push this stock toward $10, which found the sellers in the beginning of 2012.
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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.