chart shows a seller stepped up to the plate last two days. it's most obvious when you look at the bottom 3 indicators on my chart. but what was the total volume? not quite 15M shares. that could be retail or even the company selling shares for whatever -- p.r., filings, etc. -- but whichever it is makes little difference. it's not enough to have any long term impact on the stock.
that said, today's candlestick is an inverted hammer. found at the bottom of a downtrend, it's a bullish candle that signals a possible reversal. AUCI gapped down at today's open from where it closed yesterday. surprisingly enough, that, too, is bullish in that it sets the stage for a stronger reversal.
of course, if there is no follow through, there is no reversal. this candlestick has a low reliability. tomorrow will tell a tale.
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