Doji on SMC

SMC hit the 71 mark yesterday with some bonus. This mark is where the Kijun Sen line is on weekly chart. So technically it can be the reason for its ascend. Now that it has reached the destination, we might see SMC to correct. Today’s candlestick is a candidate for our cue for the stock to correct. Doji candlestick means the bulls and the bears are now in equilibrium as to where they want the price to go. Since the candlestick appears after the rally, it could mean that the bulls are already tired and may take some rest.

Caveat!

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