If the price breaks out of the yellow triangle, this stock could rise upwards of $12. I think it has the potential to do so as well. Is it worth a buy at market open though?
Opinions?!?
Green line is my short term price prediction. What I am more interested in is if this will turn out the be a double bottom, with the hanging man candle at the top of the last up-trend.
If this is a double bottom with bullish momentum could we see another break in resistance?
What are your ideas??
Please, prove me wrong!
Just getting into analyzing candlestick graphs and I was curious if my analysis is viable, the buy and stop loss are at good points. The buy is circled in blue.
