Recently put in a new 52 Week High in early Feb. Since then it has encountered a slight retrace and appears to have found strong support along the 50 EMA with multiple candles respecting this support. The chart shows that the price action appears to have been respecting the 50 EMA over the last 12 months, bouncing off it and any breaks below are short lived.
The pullback has been made on decreasing volume as compared to the vol that put in the 52 W High and the RSI is again approaching the Oversold area ready for another push upwards.
A strong candle on a bit of volume will indicate that the pullback has been completed.
Chart Update, page-19
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