I like this chart because the stock breaks a strong resistance line and then retrace a little bit and i think it will bounce at old resistance who becomes support.The stock is just above the MA 50 so that act as support also. I like the formation of a nice engulfing pattern and the stock on friday creates a nice shaven bottom candle, that means that the stock opens and immediatly move higher and almost close at his high so that is strong buying pressure. The fact that there is a strong candle formation and that there is great support , my thoughts are that the stock will go for a run on the upside. If the stock breaks the MA10 and goes at 60.65, i will buy it.
