A beginner’s attempt at TA.
As2onishing run from 23 August to 28 September. All SMAs pointing upwards. Candlesticks were mostly green. Even if you bought a week after the results were announced, and sold on 28/9, you would have made a higher return than that of most asset managers.
On 28/9, its price shot up and yet at the end of the day, the candlestick changed colour to red. And not your everyday candle, it was huge, blood curling red candle with a wick at the top. On the next day, a smaller red candle appeared. My eyes see the beginning of a X’mas tree in the charts. Hey this looks like a shooting star formation, a sign of a bear emerging.
Prediction, a correction this week. Support is expected at $5.49.