Silicon Storage Technology Inc. (SSTI)

[labrador]

SSTI WEEKLY CHART

the MA50 is $4.69.
Which means that the last day price decrease can be read as a negative tentative to breakout. If next week will close below 4.69 the uptrend will stop and will swing back to a downtrend.

The week closed to $4.75 and the last candlestick IMO is a sort of "shooting star" pattern.

This pattern can tell us that the share price is close to the top.
It is low reliability patter so it should be confirmed by next week candlestick.

The RSI is neutral so it is another confirmation that next week will decide the sort of next trading period for SSTI.

Also the MACD indicators are in a critical position very close to cross each other.

We are in a delicate point where price can swing back.

Hoping to be wrong