Trade rationale

Ichimoku

Trading in an upward sloping channel. Booked profit at 1206 and re-enter at 1192 when William R shows oversold in 5 min chart and stock taken support at base line on hrly chart. Earlier had taken the trade when hrly MACD formed positive crossover and close with long green candle above middle of bollinger band. Expanding band may result in higher 52 wk high. Long term positive view on stock.