In my previous post I had mentioned about 114.6 acting as major support, however that was taken off with the next major support seen at 113 on EOD chart
Even though there was a sudden drop seen between 114.6 & 113.85, the good news is if you look at the intraday chart the trend line shows that a steep downfall is not going to happen. Immediately we see more buying interest coming into picture turning the stock up above 115
This eventually makes EMA 12 crossover EMA 26 which gives a strong buying signal. The key thing to watch is whether a DOJI sign will be showing on EOD charts or will we see a long white candle. In Incredible Charts it shows up blue candle which is bullish (i.e. with the normal convention of long white candle)
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