SAIL looking poised for a BULL run

On the weekly chart, SAIL has just bounced from a clean break and retest level and has recently been rejected around the 112 area which is the 50 day MA. Last week's red candle now leads to a probable retest of the 105 level which lines up with the 20 day EMA and would be a 38.2 Fib retracement from the recent bullish run. Expecting to see more bulls step in around this level which should help increase the volume for a breakout of the bear channel pullback seen here on the weekly.