breakout and trending higher

  1. 6,981 Posts.
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    I shall try again with this post...

    700K just went through at $1.85 level and now buyers building strongly...

    Downtrend was broken 3 days ago. Confirmed 2 days ago with higher price.

    Downtrend formed from 22 Oct ($2.20) touching 6 Jan, and then followed tops of prices through Feb.

    It has set higher lows over the last couple of months.

    The 14 day RSI showed a short term divergence, suggesting a change in trend. This is confirmed by the break of downtrend.

    Intraday charts showed large volume spikes on 13 Feb (1m and 1.8m). Then lots of spikes of 500K shares in last few days.

    I bought on the break of $1.84 earlier.
 
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