A lot happening with this name. Short case: - Doji confirmation following the hanging man 6 days prior. - Steep wedge pattern - Extremely low VIX momentum - RSI over-extended - Negative divergences on lower time-frames - Currently sitting at potential profit taking resistance of Inv. H&S
Long Case: - Wedge is still intact - Above 20, 50 and 200 MA on daily - Increasing Volume - RSI can stay Over-brought for as long as it wants - No RSI divergences on Longer time frames (i.e Daily, weekly...)
NOTE: Nothing here is looking at Fundamentals of the company, only Tech.