Trader's Logbook

I was speculating VITA will sustain its rally but didn’t. After moving up as high as 1.0 it went back and close at 0.92, near its intraday low of 0.91. Although it wasn’t able to sustain its rally, it shows that the bulls have started to fight back. This stock have been falling for few days now and yesterday was a big fall at 9%. Because of the movement today it formed a Gravestone Doji pattern. This pattern has a bullish bias but has a medium reliability. Another thing I am worried about is that it close below the lower band of Bollinger Band which is not good.

Caveat!