In the previous idea we discussed about it's movement along our trendline and it gave a beautiful breakout and moved upwards.
Now it is the time to discuss if the upward trend is likely to contine.
As we can notice that the stock has made a double bottom on the daily with a good accumulation.
We can expect the stock to continue the uptrend after the retest and it is a not a false breakout or pattern , that is clearly shown by the volumes.
Still a good time to buy CE one's the retest is done.
Now it is the time to discuss if the upward trend is likely to contine.
As we can notice that the stock has made a double bottom on the daily with a good accumulation.
We can expect the stock to continue the uptrend after the retest and it is a not a false breakout or pattern , that is clearly shown by the volumes.
Still a good time to buy CE one's the retest is done.