Let’s take a look at the Daily Chart, note the trend, and then highlight the lower frame patterns and levels to watch.
The Daily Chart shows us the very strong uptrend that accelerated with the April 2013 breakout and continued with the May breakout as volume surged along with price (a sign of strength or confirmation of the higher prices and uptrend).
When volume accompanies price, it tends to suggest even higher prices yet to come – our best strategy tends to be buying shares on pullbacks or retracements to rising moving averages or trendlines. (more)
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