This stock is one of jokey’s favorite. Pump and dump can happen anytime but we can still get sentiment at times using the chart. Last Friday it went down by 1.68% and looks like it hit the support line. Did it hit the bottom? Caveat!
Price of NiHao kissed the middle band but it closed below it. Will there be another surge tomorrow before the ASM on Friday? or its just a one day wonder? A gap up at the opening my trigger others to panic buying. Candlestick-wise we don’t see any bullish signal though. Caveat!
Will there be a bounce for NI or it will hit the 61.8% Fibonacci retracement level? Price movement today created a Gravestone Doji. It seems that NI is a follower of Doji. Last month we saw a Doji (To go up or not?) at the top of the trend and after that it goes down [...]
Looks like its not favorable for those who just get in today as we see a Long Legged Doji candlestick. This type of candlestick suggests that the market is in an undecided mode. I think this is because of the disclosure that came out today. Although trading was suspended for an hour for the investors/traders [...]