CPG is still alive. Doji Star may signal a reversal

CPG is showing some bullish signal by way of a Doji Star. Dojis are weak signal so we need a confirmation the next day via a large green candlestick. If price will continue to drop tomorrow and no confirmation found, it means that downward trend will continue. So far we have our weak bearish signal from Tenkan Sen / Kijun Sen Cross but Chikou Span is not agreeing with the bearish signal brought by the cross so if price will go up tomorrow then we will have a good chance of reversal.

RSI or Relative Strength Index is now at the oversold level.

Caveat!

2 Responses to CPG is still alive. Doji Star may signal a reversal

  1. […] CPG is still alive. Doji Star may signal a reversal […]

  2. […] The Doji Star we saw last Thursday (CPG is still alive. Doji Star may signal a reversal) which we speculated to bring us a reversal did not happen and instead it brough us another red […]

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