1. The stock gave a strong bounce from the weekly trendline.
2. It retested the support zone and bounced back with a strong candle.
3. Additionally, the stock provided a strong short-term trendline breakout.
All these signals occurring simultaneously can indicate a strong bullish momentum.
2. It retested the support zone and bounced back with a strong candle.
3. Additionally, the stock provided a strong short-term trendline breakout.
All these signals occurring simultaneously can indicate a strong bullish momentum.