Historically when the RSI breaks above this level, the stock continues to gain at least 1% more. In looking for the next trendline and resistance level, a conservative level would be above 38.00. While that level is likely the safer play is a call with anticipated movement to at least 37.67.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
