Technically, its littered with bullish reversal signals.
It could be a catch-up play.
Over the past couple of months it’s managed to claw back higher and is now coliling up and showing bullish signs.
It’s arrived at a crossroad on its chart and is now offering a bullish opportunity.
Following an explosive rally after a July earnings report, the stock has since been stuck in a consolidation period that now looks increasingly likely to resolve to the upside.
Yesterday after hours, shares got clobbered more than 20% following the company’s latest earnings report. Here are two specific ways I am looking to capitalize.
It’s close to offering a juicy trade setup.
It’s now offering bullish near-term trading opportunities.
Despite the trade war headlines it looks ripe for the picking.
In short, it looks like the stock overshot to the downside on it’s current pullback. With a multiyear up-trend still intact, in my eye, it now stands a good chance of resolving to the upside.