Weekly chart shows a break in the long-term down trendline together with a bullish MA crossover.
However, both the price and Lagging Line are still below the cloud, so this is a bearish state.
Some resistance is expected as the price enters the cloud.
Trend identification tools confirm the up trend in the daily time-frame.
Outcome:
27 Dec: Opened LONG at $18.50
6 Jan: Closed at $18.96
Resaon for closing: Price appears to be facing resistance at suspected 161.8% key Fibonacci projection level. Will re-evaluate to buy again on a dip.
Profit $0.46, 2.5%
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