After forming the wedge chart pattern, we had almost a 15% downward move.
I reckon there would possibly be a reversal
reasons :
1. Consistent volume of green candles
2. Tested a zone of demand
3. At the end of the Bollinger-Bands
If the stock breaks the zone of Demand it'll move towards the 200MA
or
if the stock does reverse then it'll move to the trend where it'll face some resistance
But Remember to trade with the trend
I reckon there would possibly be a reversal
reasons :
1. Consistent volume of green candles
2. Tested a zone of demand
3. At the end of the Bollinger-Bands
If the stock breaks the zone of Demand it'll move towards the 200MA
or
if the stock does reverse then it'll move to the trend where it'll face some resistance
But Remember to trade with the trend
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