A symmetrical triangle usually leads to a continuation of an old trend. It is characterized by a time of profit taking after a strong run. During this profit taking, there are buyers who see a deal and sellers who see another profit opportunity. This is why volume tends to dip towards the middle of the triangle.
MACD is also giving a strong upwards signal.
Earnings at the beginning of February.
Looks like a good buying point.
MACD is also giving a strong upwards signal.
Earnings at the beginning of February.
Looks like a good buying point.