Trade setup: Price bounced off of $6.00 support zone, which also held up in June and July and broke back above $7.00 resistance and 200-day MA, with big volumes, which could signal trend reversal with upside potential to $8.00 resistance.
Trend: Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $6.00. The nearest Resistance Zone is $7.00, which it broke, then $8.00, and $9.50 - $10.00.
Trend: Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $6.00. The nearest Resistance Zone is $7.00, which it broke, then $8.00, and $9.50 - $10.00.