Green Hammer at the bottom of a down trend, and yesterday confirmed reversal. Since Yesterday it closed in a green doji the move is still undecided. Given bullish sentiment to the market and the increased volume in this stock the past 2 days, it could either consolidate here or keep rising. I don' see any bearish momentum at all. Given that this bounced from the oversold area and has a big gap up potential, this is a good swing trade going long.
Comment:
Although it didnt follow the pattern, a nice bounce did happen.