It doesn't look bullish; yesterday's volume was not outstanding. It doesn't look bearish. It doesn't know whether to go left or right, up or down. Its heartbeat (volatility) appears to be approaching zero. RIP in advance.
You guys are pretty negative. To me this is the classic, "climb the wall of worry" trade. It is stealth mode. You guys are looking at the volume incorrectly IMO. No offense intended, of course. The critical thing is not a "volume spike" per bugsy, because those have the problem of a flare out climax, are super obvious, and infrequent. What is critical is the total volume AVERAGE since Aug 6th. Clearly the daily average has risen. When it does this, a new base is formed at 55 as the low. This is an accumulation phase. Not trying to convince anyone. Just saying what I see. In any case, have a good weekend. I won't overstay my welcome, but 70 is still a target next week.
Last comment. Very clear that was a breakout. Interesting and telling that there were only negative and naysayers' comments. Almost as if people want to be contrary. I guess there are so many posers, people are trained to be negative. I put several people into this trade and are trimming now.
Liking this break out..... 77 test coming up. I guess some people mix up fundamentals and Technical analysis, or simply cannot read technical very well.
Big picture It doesn't look bullish. It is going to touch the resistance line. I would wait for confirmation before shorting it. Anyway, if your analysis says you should long it, by all means, go long it.