Will be watching price this morning for a potential breakout of the current bull pennant.
Bull's favor: 1. Large buying volume recently 2. Golden cross formed yesterday 3. MACD near a bullish crossover 4. Medium-term trend is currently with us 5. Bull pole/Pennant pattern currently (15 Min)
Bear's favor: 1. Negative divergence in MFI and RSI created recently 2. A few resistance levels waiting up ahead 3. 200-period SMA still neutral
If price can break current pattern this morning to the upside, we could see some healthy movement and some work towards those resistances.