The chart shows that the stock has all the ingredients to go up and break the 52 Week High that was recently achieved. However the DAILY chartshows some critical points.
Points to Ponder:
Price in Overbought Zone with MFI @ 82 Low volumes Last 6 candles are narrow, have small bodies Consistent Rejection from 227 levels The Stock has Control Price at 205.
A breakout from this level will create another story for the stock. Be careful.
Not
The stock is facing constant rejection from the Sellers. MFI is still above 80 and the long wick at the top tells the whole story However a constant push from the buyers with high volumes can change the whole picture. I am avoiding this stock at the moment.
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