Price action
The stock has broken out of the corrective downtrend channel, confirming the uptrend resumption. The weekly chart shows a strong upside after breaking above the weakened resistance, confirming the ascending triangle. Furthermore, the RSI momentum is strong and the 20, 50, and 200 EMAs are trending strongly.
https://www.tradingview.com/x/90Zosilv/
Momentum
Long-term MACD's histogram is negative but weak. The signal line is looking to cross above and may resume the upside momentum.
The stochastic Oscillator (62, 12, 12) had a crossover at the 50-line and this signal a high potential resumption of the mid-term upside momentum.
The rate of change managed to rise sharply above the zero line.
Volume and Trend strength are in a healthy stage. Both are displayed by volume and Directional movement index.
Potential Risk:
The stock is trending near the all-time high with strong parabolic rise. There may be wild and wide pullback, hence my stop loss will be wide.
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