No it's not. See how oscillators show it as OverBought? Look at what happened previously whenever this occurred. Now is a time to
hold - NOT buy.
Here is a list of Buy signals, ranked according to my very approximate estimate of their strength/reliability :-
(1) Breakout above previous resistance.
(2) Break of a confirmed trendline.
(3) Price/Volume breakout
(4) Break of On Balance Volume trendline.
(5) Exceptional Volume spike on Up day.
(6) Bullish oscillator divergence.
(7) Moving Average crossover.
(8) Oscillator Buy signal.
(9) Trendline respected
These signals are all marked on the chart below.
That's when CVT was a Buy.
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