Weekly Candlesticks: Shooting Star and Confirmation

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Sellers came to play in the last two weeks, forming a classic shooting star doji two weeks ago followed by a confirmation candle last week. Given the time period, this is extremely strong evidence of a near term pullback. Unless some unforeseen news breaks in the next week or two, I am forecasting a couple of tough weeks for the stock with a draw down to $300.

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أغلقت الصفقة: تم الوصول لوقف الخسارة

Fundamentals were too strong