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APO - pennant break, TODAY?

  1. 672 Posts.
    Just a pennant/consolidation forming in an uptrend.

    Bulls and bears matching up in a battle on the depth right now (12k bidding 7.20, 12k asking 7.21)...the break should be a strong move.
    Could go down, but I'll always give the edge to the overall trend. Wouldn't dare calling a reversal of the trend now and start short-selling it...

    Trigger: Yesterday was a false break down (bearish inside candle/harami break), a tree-shaker, a bear trap, and short-sellers yesterday are currently feeling the squeeze, and if it rallies today, it'll pop even harder thanks to short-sellers covering/stopping out.


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    Feel free to add your thoughts.

    GLTA
    Last edited by ineptrader: 24/05/16
 
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