The near perfect candle one could expect came yesterday.. The stock broke out with a new expectation candle. Today it got the best follow thru to go above the 200EMA. If it can now sustain the 200EMA its surely a trend reversal in the stock..
its a stock which has a history of under performance so be a little cautious with allocation size.
can you elaborate a lil on why yesterday's candle was good, not fully understood
rdkriplani
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@stefc0902, I call it an expectation candle..its basically when the market gets caught off guard..Wht happens in this case is the stock price is going down..and suddenly based off some news..the next day the stock opens above the previous red candle and continues..
Here all that coincided with breaking out of a downward trendline too.