News prompted this stock to make a bullish reversal open today, as shown by the white arrow. The gray box highlights a bullish engulfing candle, and it is common for the initial demand to see a selloff that moves price lower. If price will rise again then there should be upside follow through in the next day or two.
RSI has a bullish divergence with price action and Stochastic %K shows some strength to lead %D upwards. I like that there are no gaps immediately below and you can see the recent high volume days on 13 Sep and today; the recent red candles have lower volume.
RSI has a bullish divergence with price action and Stochastic %K shows some strength to lead %D upwards. I like that there are no gaps immediately below and you can see the recent high volume days on 13 Sep and today; the recent red candles have lower volume.