if you notice in last upside move, bears were weak with narrow spread. and bulls were strong then bears (notice volume) when such kind of move happen near resistance ( you can always look for intraday trade also which gives you big gain in day trade) always breaks with wide spread. today close above mentioned resistance with vol then can be taken postional.
Note
stock 6 % up and paused and again broke flag pattern ,add moreNote
13.5% up overallNote
almost 36% return so far, seems like stock may reverse but in other hand market is bullish(and stock is also making higher lows which shows no weakness) , on chart price is making divergence with RSI and making spinning top and dojis and kind of uppers wick which shows sellers pressure .and volumes also decreasing , so keep eyes on it bcoz currently it is in indecision mode
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.