Doji with high volume. Waiting on confirmation. If it's a fakeout the next candle will open higher than resistance line.
*The more times a stock price has touched these areas, the more valid these levels are and the more
important they become. At the same time, the longer these support and resistance levels have been in play, the better the outcome when the...
13/11 Candle shows selling pressure overwhelming buying (No anomaly)
12/11 Candle shows increasing selling from previous day (No anomaly)
11/11 Candle shows selling pressure (No anomaly)
10/11 Doji with normal volume (Anomaly)
9/11 Gap up with wide candle body but normal volume (Anomaly)
Pattern: Potential Bullish Pennant
Global view: MSFT will continue its...
High volume and long wicks on 11 October indicate that the trend might reverse anytime soon.
After a second push upwards and hitting a resistance at around the 27 mark the trend is showing weakness. This can be seen by a long candle body with regular volume.
Short at 27. TP at 25.5
