List of technical factors which reflects the bullish formation is underway:
1.On weekly charts the stock price is currently trading in elliots fifth wave.
2.Again on weekly charts the stock price is perfectly holding its 200 EMA and SMA levels which looks an automatic moving average on the charts as well.
3.Long term trend line providing a good support at the fourth waves bottom which is also becoming a point of intersection.
4.On daily charts indicators like MACD, RSI also providing a positive divergence .
5.Rollover stats suggest bullish momentum to continue as their is a rise in rollover figure comparatively.
6.Bollinger bands providing a good support on monthly charts..
Here is the snapshot;
