Will there be a rally tomorrow for the battery after it has been charged today? Looks like the Gravestone Doji has been confirmed by the green candlestick today although we don’t have much participation today as there are only 11 trades. Could be just merely drawing the chart? Caveat!
The 23.6% Fibonacci Retracement level seems to be a very hard wall for AAA to break. Now that we have no more activity or news to speculate on the price, this may sleep for now. A good spike may be a good chance to exit. Still staying near its resistance but may soon go near [...]
Looks like the power is off for AAA today as it went down by 3.89%. It looks like the test for the new support broke and may continue to go down but within the consolidation area (rectangle). Volume is not that thick today so its not that alarming for now. Monitor price action closely tomorrow. [...]
AAA breaks the resistance at 23.6% Fibonacci Retracement level but wasn’t able to sustain it as it settles 5.4/share which rests just at the resistance level. Speculating that there will be a good news this coming Friday, its price may still move up. Looks like the concentration of the trade is at 5.50 followed by [...]
Yesterday I saw a spike on AAA‘s price as it went as high as 5.28/share intraday. Although it retraces and settled at 5.12/share at the closing I am speculating there will be a play on this stock before its ASM on October 12. Current price is within the continuation pattern which stays between 38.2% and [...]
Speculative play for tomorrow. Bullish Inverted Hammer is seen on the chart. Although the reliability of this formation is low in terms of trend reversal, I will be more bullish about this stock if there will be a big gap up tomorrow at the opening. Without that, it will be just another false bullish signal.