ETBI possible reversal formed Friday with a spinning top formation (anything can happen in the market but some plays such as this formation are worth throwing money at). STRONG SUPPORT at .015
What is a 'Spinning Top'
A spinning top is a type of candlestick formation where the real body is small despite a wide range of price movement throughout the trading day. This candle is often regarded as neutral and used to signal indecision about the future direction of the underlying asset.
spinning-top.GIF
BREAKING DOWN 'Spinning Top'
If a spinning top formation is found after a prolonged uptrend, it suggests that the bulls are losing interest in the stock and that a reversal may be in the cards. On the other hand, if this formation is found in an defined downtrend, it suggests that the sellers are losing conviction and that a bottom may be forming
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