Potential Reversal in MOMO. . + EMA20 Crossed Above EMA50 + Price stay above EMA20, RMA50 and EMA200 + Price broke Downtrend Line and making Higher High + Price making Lower Low and tested Uptrend Line several times. + Nice Volume + Break Upper Bollinger Band + Strong +ve Force Index.
Expect to pull back a little to test EMA20 and make another Higher Low before continue to move uptrend to First Target of $39. Next Target is to close the GAP down at $41 and Complete Rounding Bottom pattern at $46.
Conservative Trader : Put in watch-list. Partial Entry after pullback and new Higher Low form at around EMA20. Aggressive Trader : Long with stop loss at previous Higher Low.