Looks like a good sign for COAL to finally reverse soon. Today COAL close at 1.06 16.48% from last Friday’s price. The price movement creates a White Opening Marubozu candlestick which may signal the start of a bullish trend. But since this is only a one-candlestick pattern, it has no strong reliability. Bullish bias can also be seen when price passes both the middle and the upper bands of Bollinger Band. Price may continue to go up above the upper band tomorrow. Both MACD and RSI have a buy signal.
Is this just a play because of the change of Free Float Level or the news at BusinessMirror or there is something more?