Zeev's Turnips Patch-No Politics (ZEEV)

[Newly2b]

Thanks for your opinion. Personally, I'm torn. For short-term intraday trading I have learned to trust the candles more than western chart formations, but haven't decided which is more efficacious on the longer-term charts yet.

Going strictly by the chart, while the western formations certainly indicate a possible rise to 2200 near-term and RSI and CCI are not in overbought territory, both the Bearish Engulfing and the Harami Cross are powerful trend reversal signals I hesitate to ignore despite the ambiguity of that long candle being red instead of white. Note also, the preceding candle on 3/2 (now upside resistance) sports a decent topping tail.

You know how Mr. Market loves to confound us all by doing the opposite of what is generally expected. Well, we will all know soon enough.

Newly