InvestorsHub Logo

dlewisfl

04/17/20 4:09 PM

#48284 RE: Ruffieruff #48281

Ruffie: I've been saying for years charts are useless on this stock. Just pointing out that fish mentioned a 'hammer' candlestick formation a couple weeks ago. Crickets when the 'shooting star' (bearish) formation appeared. When looking at candlesticks in context, although the formation of the individual SS candle was textbook, a trade-able SS appears after a uptrend, so it would have been more significant right when 2020 started (after the run from 3 to 5). This SS happened in a sideways market after a downtrend. Every close since has been higher than the close of the SS, although the high of the SS may serve as minor resistance if low volume continues.