Reasons for Bias:
Trend Reversal: The stock has shifted from a bearish to a bullish trend.
Strong Trend Momentum: There is strong momentum driving the trend, indicating sustained buying interest.
Patterns Involved:
-Cup and Handle (Monthly Timeframe): The stock is forming a cup and handle pattern on the monthly timeframe, which is a bullish continuation pattern suggesting further upward movement.
-Flag (Weekly Timeframe): On the weekly timeframe, the stock is forming a flag pattern, indicating a potential continuation of the recent bullish trend.
These technical patterns and strong trend momentum support a bullish bias for the stock.
Trend Reversal: The stock has shifted from a bearish to a bullish trend.
Strong Trend Momentum: There is strong momentum driving the trend, indicating sustained buying interest.
Patterns Involved:
-Cup and Handle (Monthly Timeframe): The stock is forming a cup and handle pattern on the monthly timeframe, which is a bullish continuation pattern suggesting further upward movement.
-Flag (Weekly Timeframe): On the weekly timeframe, the stock is forming a flag pattern, indicating a potential continuation of the recent bullish trend.
These technical patterns and strong trend momentum support a bullish bias for the stock.