NASDAQ:MANH   Manhattan Associates, Inc.
Hey traders, MANHATTAN ASSOCIATES is in a push with a large buying volume issued with an upside down hammer candle. On the TIMEFRAME M1 we see a marubozu with a fake return of sales volume made, it came to a stop on the base of the bollinger. For arrival on the last precedent lower make a trend re-test its various points on the bollinger. in order to go to the VWAP after the breakage of its compression zone and check to go to the top of the stabilization zone for a new test of it.
Big possibility of breaking out the price with the momentum then then the zone to break into another and make a new historical high. With a strong chance of testing the top of the bullish channel followed by the symbolic number of 134.00 when the psychological plateau is reached.
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