Trader's Logbook

We have seen VITA rallied for a few days. I never expected it rally that long when I sold my share at the early days of rally and have to buy back after 2 days but I was so careful because I had a bad experience about VITA some time ago. Late comers for this stock might not be in a good position as our last two candlesticks suggests it might now reverse. We have seen a Dark Cloud Cover pattern which if confirmed on Monday, will bring its price downwards.

Bearish Dark Cloud Cover Pattern is a two-candlestick pattern signaling a top reversal after an uptrend. We see a strong green real body in the first day. The second day opens strongly above the previous day high. However, market closes near the low of the day and well within the prior day’s green body at the end of the day.

Caveat!