Capital Malls Trust Bullish Reversal Hammer Sighted

Today, CapitalMall Trust formed a bullish reversal hammer, signaling that its downtrend over the past 2 weeks is coming to an end. Prices pulled from its intra-day low of 1.93 to end at 1.99 at the closing bell.

Observations:
-Px formed a hammer during today's session, after rebounding off 150D MA support.
-150D MA has been supporting prices well since the beginning of May last year.
-Hammer candlestick formed alongside exceptionally high volume, giving great significance to the candlestick.
-MACD and stochastics down for quite some time. Likely reversal soon.

Trading hypothesis:
I expect a further uptrend from this point. Next resistance could possibly be at the 50D MA at 2.02, which i expect to take place. A break above 2.02 would be a further bullish trading signal for trader's to take up position in addition to the bullish hammer reversal candlestick we have today.

In short, after doing an evaluation of SebMarine's chart, my observations are as follows

Observations:
-Px still trading insides symmetrical triangle.
-Upper band of triangle to be broken when px hits above 4.00 / 4.01
-MACD close to a crossover to the positive region, and blue line crossing over the red.
-Price broke the 150D MA though fail to close above it.
-Volume increased.

Trading Hypothesis:
I expect that sembmarine to break above its symmetrical triangle soon when price goes above $4.00. Given such a breakout from the stock's symmetrical triangle, we can expect the price to hit around 4.40 in due course. However short term resistance of the price is around $4.14, so traders can expect to liquidate around this price to locked in some profits first.

Alternate hypothesis:
Unless prices make a retreat this coming week back to the $3.8x region, we would unlikely see a breakout below the symmetrical triangle, given the optimisstic conditions in the market currently. Howeve if it does, it is advised that traders cut loss below $3.88.