I like this stock and this is why:
There is a very strong support line.
The stock bouced at it today.
The candle of today did a nice little doji and and a doji shows indecision in the stock and indecision after a strong down move like that shows us that that the bears start to loose control and the bulls may start getting the power.
When you see 4 red days in a row , then a little indecision candle like that, the chance that the stock will continue down versus the chance that the stock will reverse are pretty low in my opinion so im expecting a reversal but it may not happen.
There is a very strong support line.
The stock bouced at it today.
The candle of today did a nice little doji and and a doji shows indecision in the stock and indecision after a strong down move like that shows us that that the bears start to loose control and the bulls may start getting the power.
When you see 4 red days in a row , then a little indecision candle like that, the chance that the stock will continue down versus the chance that the stock will reverse are pretty low in my opinion so im expecting a reversal but it may not happen.
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