There is a noticeable increase in volume during this rise, suggesting a higher level of participation, which is typically a bullish sign.
The price has broken through the middle band (20-period simple moving average) and is approaching the upper band, suggesting upward momentum.
High volume on bullish candles is generally a positive sign, indicating that many participants support the move.
Resistance: The stock might face resistance near the $15.00 - $15.50 range, where prices previously reversed in late August.
Support: The most recent support is around the $12.00 range, where price bounced off in early September.
The technical indicators suggest a potential bullish reversal. However, keep an eye on whether the price can break and hold above resistance near $15.00. If the stock continues to trade with high volume and stays above the middle Bollinger Band, this could confirm a shift in momentum toward an uptrend.
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