Futuris Company (FTRS)

[k_trader]

Today's candle looks like a Gravestone Doji. We still have some strength on our Full STO and TRIX charts but Volume is still low. All of this suggests to me that Monday will be a bearish day.

Doji Patterns

The Tombstone and Dragonfly Doji patterns are considered strong indicators of an impending reversal. They consist of a single horizontal line, indicating that the opening and closing prices were the same, attached to a single long wick in either the positive or negative direction. A Gravestone Doji suggests that the bulls attempted to drive the price up during the day, but lost all of their gains by the close. This strongly suggests that the next move will be downwards and is thus a bearish signal. A Dragonfly Doji has the opposite, bullish, interpretation.



Ref
http://www.candlestickgenius.com/candlestick-patterns-top-5.html


GLTA