It's clear from a quick glance that the downtrend has broken coupled with a strong accumulation of buyers coming into the stock in the last six months. The steady upward momentum has reached a major resistance point at $20 which most would've thought could slow down the pace of buyers but this hasn't been the case.
Price has pierced the upside of $20 and looks firm in its placement together with the recapturing of the area above the 200 day moving average adding the element of confluence to this chart.
The steady uptrend in the MACD shows signs of a strong trend that could ensue in weeks to come as price re-establishes itself above this crucial support.
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