2waytrading
Long

Will The Bearish Harami Stop The Bullish Diamond Bottom?

NASDAQ:SGMO   SANGAMO BIOSCIENCES INC
71 0 0
If you look at daily chart , you will see the bearish harami a kind of reversal candlestick Pattern, if you pull the weekly chart which is what we used now you will see a promising upside momentum that is underway. The price managed to close above Wilder's smoothing average line and tried to take out 3-EMA which is very vital for the bottom diamond to breakout. If that happens, expect a sharp and sustained upside move with target price $19-$20 area. If you decide to take this bullish trade, make your stop loss at recent swing long and give the trade 6-12 weeks to achieve the projected target price. If you want a real time alerts check out www.2waytrading.com

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