like this stock and this is why:
There is a very strong support line.
The stock bounced at it friday and finished the day bullish ( hammer ).
What i like is: As you can see the stock gap a lot recently and then came back during the day and bouced right at this support, then the stock retrace a little bit and here we are again at this support. What happen friday is that the stock went down strongly but the bears did not have the power and the control to stay at this level so the bulls came in and finished the day close to the open so that was a nice hammer candle and this is why i think the bulls are now ready to reverse the trend.
There is a very strong support line.
The stock bounced at it friday and finished the day bullish ( hammer ).
What i like is: As you can see the stock gap a lot recently and then came back during the day and bouced right at this support, then the stock retrace a little bit and here we are again at this support. What happen friday is that the stock went down strongly but the bears did not have the power and the control to stay at this level so the bulls came in and finished the day close to the open so that was a nice hammer candle and this is why i think the bulls are now ready to reverse the trend.
