This pick is for a long term investing because the triangle need for a breakout to be confirmed (Price Action Above 10.40 or more)
I shared this idea because here, there are a lot of things that Technical Analysts take in to account for selecting a stock.
*High Volume or high spike volume
*Bullish Gap the same day that the high spike volume 2018-04-23
(The gap is not visible from the weekly chart) But is signaled with a (Red Circle)
*A Price Pattern in progress (Triangle)
2018-04-23 was key here because the price tested a support in 4.60 and this was the day that the Bullish Gap with High Volume happened.
And finally the other argument that support this idea is that Oil_Futures are very Bullish
I shared this idea because here, there are a lot of things that Technical Analysts take in to account for selecting a stock.
*High Volume or high spike volume
*Bullish Gap the same day that the high spike volume 2018-04-23
(The gap is not visible from the weekly chart) But is signaled with a (Red Circle)
*A Price Pattern in progress (Triangle)
2018-04-23 was key here because the price tested a support in 4.60 and this was the day that the Bullish Gap with High Volume happened.
And finally the other argument that support this idea is that Oil_Futures are very Bullish