Bullish Hammer with Pennant
Updated
A bullish hammer appeared today after a significant correction. Waiting confirmation of a turnaround.
First price target is ~50, where it could hit with resistance as it re-tests the high.
My next PT is 65, as this turnaround could be the push needed to complete a bullish pennant pattern.
I'm hopeful to see $70 by the year end as they continue to roll out new offerings and pick up additional customers.
First price target is ~50, where it could hit with resistance as it re-tests the high.
My next PT is 65, as this turnaround could be the push needed to complete a bullish pennant pattern.
I'm hopeful to see $70 by the year end as they continue to roll out new offerings and pick up additional customers.
Note
We have confirmationNote
Adding the Fibonacci extension to the chart, looking good, third day of good volume and increase.
I'm not a financial advisor and I'm not offering financial advice. Everyone should do their own homework before making any decisions!
Good luck and I'm always interested in what you think.
Good luck and I'm always interested in what you think.
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