Two Dojis on PCOR

Two consecutive Doji candlesticks on PCOR is telling us that the bears and the bulls haven’t reach a decision yet as to where the price should go. Immediate resistance is at 12.07 while 11.42 is its support. For the Doji to be considered a reversal point, we need to see a large green candlestick. The gap above looks tempting and I think there is a greater chance for PCOR to move up. You may buy a few shares just to satisfy your cravings.

RSI or Relative Strength Index is very low at 16

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.

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