Antonio’s Perspective

The stock made a new 52-week high again today but gave back some gains. The slope of the recent upward move is very steep accompanied by increasing volume. If the stock can break today’s high of $3.10, we should see a follow through move. Daily technical indicators are bullish. The MACD is rising above its signal line in positive territory while the A/D line remains in a long-term up trend. Keep it on the radar. Technically a buy on any dip.

António Costa
I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I write guest posts for Stockal to share my thoughts about capital, risk management, and trading. My posts contains only my personal opinion and are provided for informational purposes only.

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