Will The Bearish Harami Stop The Bullish Diamond Bottom?

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