Bullish Continuation Diamond: Mandalay Digital Group (MNDL)
The Bullish Continuation Diamond in Mandalay Digital Group (MNDL) tells us The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. The 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 the resumption of the prior uptrend.
Current Price: $4.35
Price Target: $5.50 – $5.70
Pattern Duration: 38 days
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