SM consolidating. Breakout or move towards support?

SM may consolidate inside a triangle formation with base or lower range at 770 per share. Notice that the last candlestick is showing some bearishness and could be a hint that this stock will move towards the support line. In turn, if we will see a bullish signal at the support line then it might bounce until such time that it is up to the bulls or the bears where they want the stock to go. Still its not yet over for the bulls right now. There could be a breakout if we will not see a red candlestick tomorrow especially if we will see a large green candlestick. If that happens, the Shooting Star will not be confirmed.

RSI or Relative Strength Index is at 51.9


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