- The stock has broken out of a downward falling channel on the daily chart and is trading above its 200-day moving average, signaling a trend change. - On smaller timeframes, it is in a higher high higher low formation, which is a continuation pattern until it closes below recent lows. - On the weekly chart, the stock corrected to a 61.8% Fibonacci retracement level, which is often seen as an intermediate trend reversal point. - Momentum indicators and reducing price consolidation point to increasing positive momentum in the stock. - Based on this technical analysis, the analyst expects the stock to rise in the coming trading sessions and recommends buying it.