The counter is slowly shifted its short-term to bullish from bearish.
It broke out a descending channel and consolidated above the breakout by forming a cup and handle pattern.
It broke off the cup and handle pattern yesterday and is consolidating above it now.
Further, the entire portrays an inverted head and shoulder pattern, adding more strength to the bullish conviction.
We expect the 200-MA in the 4-hour chart to act as support and catapult the prices higher.