ACE went up yesterday to the ceiling with impressive volume but wasn’t able to sustain it today. The volume drop a lot but the price didn’t. What conclusion can we draw from this? Does it mean players are just watching the stock and defending it from time to time not to fall hard? ASM was [...]
Will ACE be successful in breaking the 73.4% Fibonacci Retracement level tomorrow after it touch that level today? Very impressive volume and price action but can it sustain? Nowadays we usually see a large candlestick followed by red ones. Is this going to be different? RSI is still low at 44.18 with a buy signal [...]
While no candlestick formation that suggests a change in trend this stock will still consolidate for a period of time. When? Your guess is as good as mine. Caveat!
The trend reversal indicator (Doji) was not confirmed last Friday. For it to become a valid reversal, the candle after the Doji should be either a gap up or large green candle.
If you have ACE (ACESITE (PHILS.) HOTEL CORP.), you might be wondering if you are going to fold or hold. Well, today’s candlestick seems to suggest a trend reversal from bearish. At the end of the downtrend we see a doji. Doji has a medium reliability when it comes to trend reversal indicator but still [...]
Latest trend in our market. A stock will gap up and close high then on the second day it will go down and whether you consider it dark cloud cover or not, I am not buying this stock for now.