ASX: FAL Charting

A thread for technical analysis of FAL.


The dragonfly doji pattern doesn't occur frequently, but when it does it is a warning sign that the trend may change direction. Following a price advance, the dragonfly's long lower shadow shows that sellers were able to take control for at least part of the period. While the price ended up closing unchanged, the increase in selling pressure during the period is a warning sign.

Following a downtrend, the dragonfly candlestick may signal a price rise is forthcoming. Following an uptrend, it shows more selling is entering the market and a price decline could follow. In both cases, the candle following the dragonfly doji needs to confirm the direction.
https://www.investopedia.com/terms/d/dragonfly-doji.asp

I don't think the in-specie shares have all been sold yet. Let's see how this goes.