DMG Mori looking at bullish continuation

6141 DMG Mori is looking at a strong bullish upside after the stock has seen a strong reversal at the base of the channel. Looking at the weekly chart, the stock has been on a steady uptrend since 2013 and stock recent price action on the weekly chart also sees DMG being supported above the 200-EMA. 14-week period RSI saw rising momentum when the lows are rising higher. Descending corrective channel which started in Apr 2024 is likely to be a bullish flag.

https://www.tradingview.com/x/GHhHvs5v/

Looking at the daily chart, the bullish rebound is kinda cemented after it closes above the bearish down gap. Furthermore, Ichimoku shows three bullish golden cross.

Long-term MACD is looking at a return of a long-term bullish momentum. Stochastic rose and this has confirmed the upside momentum and bullish oversold signal. Volume remain healthy.