The weekly chart shows a strong rally. The MACD and RSI are increasing and have been since the beginning of the year. All the EMAs are moving higher, the 10 and 20 week EMA have moved through the 50 week EMA and prices are about the EMAs.
On the daily chart we see a strong rally. First, prices have been in an uptrend since the beginning of April. All the EMAs are moving higher, the shorter EMAs are about the longer EMAs and prices are above all the EMAs. While the MACD and RSI have been dropping, notice they did this for the other consolidation patterns in the rally as well.
