Recent IPO in fast growing sectory. A bottom looks to be forming @ $40. Trendline break and now has horizontal support. 200 day MA catching up should add support at 40. 50 day MA has been resistance and the stock is wedging between 50 and 200 day MA's, while being in a tight range of 40-42.50. Other stocks in sector are still strong, see RP.
Yorum:
Bottoming process taking longer than expected, but finally looking like its going to work. Seeing more volume on up days than down days. No closes below $40 on the weekly chart and Monthly candles looks like its rounding out the bottom of a base. 200 day acting as support.