In this five-year weekly chart of EGO, above, we don't see a three-year base pattern, but we do see that EGO broke its downtrend from its 2011 peak. The longer a trend is in force, the more important it becomes -- and when a long-term trend is broken, we should pay more attention to it. EGO is now above its rising, 40-week moving average line. The weekly OBV line shows an uptick and a subsequent decline, recently. We expect to see EGO continue its rally and we would want to see the rally confirmed by a strongly rising OBV line, telling us that buyers have been accumulating more shares in the weeks when EGO has closed higher. There is a fair amount of chart resistance above $5 from 2014, and EGO will have to absorb that on its climb higher.
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