$EBIX Upside momentum is far from Over

Though is not the best bullish pattern, but it may, in most cases, pay off big time provided you identify with caution, because its easy to identify and give you a false breakout. If u plan ahead of the breakout, 80% time you will win. Now, the price still has a room to run upside for many reasons of the main one is the VOLUME it looks buyers are back and last 3-sessions price kept moving higher..any pull back from here is an opportunity to add more to see if price can print the projected price target at and around $17. If you decide to take this trade, make your stop loss at recent swing low or at the breakout point entry. U can also visit 2waytrading.com for real time alerts.