We can see a clearly defined range in the rectangle formation with corresponding volume spikes (over 20 sma vol.) as price approaches support and resistance levels.
Both short term and long term trends are positive with the 9 ema above the 20 EMA and the 50 SMA recently making a "golden cross" above the 200 SMA.
Most recent candle was an inside bar which could be a sign of indecision although volume has been rising which is bullish.
Target: 46.88 (range of rectangle + breakout point)
Stop: 36.85 (most recent low below support)
Both short term and long term trends are positive with the 9 ema above the 20 EMA and the 50 SMA recently making a "golden cross" above the 200 SMA.
Most recent candle was an inside bar which could be a sign of indecision although volume has been rising which is bullish.
Target: 46.88 (range of rectangle + breakout point)
Stop: 36.85 (most recent low below support)