CAR- reversal candle doji that finally comes after crazy uptrend
CARSome short signs:
1. The RSI index which is already a month above 70 !! And today at 83.21
2. The stock in 7 consecutive days of gains (and after more than a month of rising trend)
3. The stock does not have too much reason for these rises, the company is profitable and everything is good but there were no significant surprises and news
4. The stock closed the previous week with a doji candle which is a reversal candle.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.