Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.
The handle of the base which started in February formed above the 50-day line and in the top half of the pattern, which is a positive sign.
The bank reported on Saturday that operating profit rose 23% vs. a year earlier, along with the jump of 83% in after-tax profit jumped 83%, 17% in loans, and 16% in deposits.
All four moving averages point to an upward trend, and the breakout occurred on a heavy volume as the stock moved to an all-time high area.
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