Trader's Logbook

Looks like LRI is about to finish going uphill as we see a Gravestone Doji at the top of the hill. This pattern suggests that at this point the bulls are tired of pushing the price up and bears may conquer the battlefield. Although this pattern has a medium reliability, one should be wary and monitor the movement of this stock tomorrow. If price will open below today’s close and stay with the gap down then bearish sentiment might be confirmed. A large red candlestick could also be a confirmation signal.

Caveat!