On this chart, we can see a stock with bull trading behavior.
The next resistance appears to be at 11,025, so we can gain up to 15%.
We crossed the MMA200 positively, and the MM20 and MM50 are moving up, significantly apart keeping their distance.
However we are far away from the MM20 moving average, the last time we were this far we had a retraction to the MM20.
After the retraction, the stock should start to have another bullish movement.
So I think the stock will retract in the short term and will seek resistance after that.
The next resistance appears to be at 11,025, so we can gain up to 15%.
We crossed the MMA200 positively, and the MM20 and MM50 are moving up, significantly apart keeping their distance.
However we are far away from the MM20 moving average, the last time we were this far we had a retraction to the MM20.
After the retraction, the stock should start to have another bullish movement.
So I think the stock will retract in the short term and will seek resistance after that.