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$4 Firework Stocks

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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


Click chart to enlarge

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InvestorPlace advisor John Lansing tracks the charts all day and offers expert technical analysis in his day trading, options and trading services: Power Trading at the OpenParabolic Options andTrending123.  Trending123 members receive access to the Trending123 Pattern Scan powered by Recognia free as part of their membership.

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