Andiamo Corp. (ANDI)

[dmlabuda]

Daily Chart Analysis - There seems to be some confusion about the current price pattern. The price appears to have broken down out of a Rising Wedge, only to form a Bullish channel. Right now, either pattern could prevail. A reversal day today would be an indication in favor of the Wedge, and a continuation of Friday's rally would be a vote in favor of a Bullish channel. The hourly chart is not yet Overbought so, that is another vote in favor of a Bullish Channel. Time will tell which pattern prevails and will indicate the direction of the price. ANDI - Daily Candlesticks