JFC ended with a Doji

JFC had an interesting play today as it swings up and down but finally settled from where it opened. This price movement resulted in a Doji which signifies that traders can’t decide where they want JFC to go at this point. While previous movement was in a downward trend, this Doji could mean a reversal. But we need a confirmation for this since Doji is not a strong reversal pattern. Plus the fact that Ichimoku system is telling as that JFC is in a downtrend and no Ichimoku element as of now is showing any sign of bulllishness. So in case it will go up, don’t be too greedy.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

One Response to JFC ended with a Doji

  1. […] wasn’t able to reverse last time after JFC ended with a Doji Price of JFC is still at the base of the Kumo which is our support and today we have another try […]

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