Looks a spinning top candlestick pattern today. Therefore, indecision which seems plausible given todays 4C report balanced out by the other announcements such as Citi presentation, Jen H. ambassador, Viti bub range. Big volume today 18.2M shares traded. Lets see what tomorrow brings for confirmation candlestick. IMO we still in the support and resistance level.
"A spinning top is a candlestick pattern with a short real body that's vertically centered between long upper and lower shadows. The candlestick pattern represents indecision about the future direction of the asset. Neither the buyers nor the sellers could gain the upper hand. The buyers pushed the price up during the period, and the sellers pushed the price down during the period, but ultimately the closing price ended up very close to the open. After a strong price advance or decline, spinning tops can signal a potential price reversal, if the candle that follows confirms.A spinning top can have a close above or below the open, but the two prices need to be close together."
"... a spinning top at the bottom of a downtrend could signal that bears are losing control and bulls may take the reins"
BUB Price at posting:
97.5¢ Sentiment: Hold Disclosure: Held
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