Breakout on Weekly Time Frame, page-11

Technical Analysis Progress Report

Chart looks very bullish up to this point however I give no guarantees on the future.

Two strong bounces off the support zone of previous major swing point highs. It is now starting to "sit" on top of previous swing highs which indicates it maybe starting to trend "normally" on a long term basis. Previously from Feb 2016 to April 2017 it was correcting below previous swing highs ("creeping" trend).

Last week it broke above a minor swing point high 14.37 and the one day retracement on Thursday stayed above the swing high. If it breaks above the minor high 14.62 & then the major high 14.72 next week without retracing any further then that would be very bullish.

All short term and long term moving averages on all time frames are "fanning" away from each other indicating a strong trend developing.

Daily Bar Chart