Running the Trending123 Pattern Scan powered by Recognia, four bullish setups in these $4 stocks. To kick of Fourth of July fireworks, here are four inexpensive names that could explode this summer! The upside targets based on the patterns follow and all charts courtesy of Recognia.
Diamond Bottom: TechTarget (TTGT)
This Diamond Bottom pattern in TechTarget (TTGT) tells us The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. The Diamond Bottom pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamonds boundary lines, it marks a significant reversal to a new uptrend.
Current Price: $4.45
Price Target: $5.05 – $5.15
Pattern Duration: 32 days