My chart thought on the finish.
Nice to see the price push up but really driven off the back of the Ann this morn and pulled back.
Daily shows me (A) a possible weak shooting star (again, not perfect txt book if u like) - the upper wick could have been a bit longer or the closing price nearer to the low to close the body up to strengthen it. But, it is a potential bear reversal indicator so may see some sell off (or not) as we need to look for a close below (B) red line on the next day for some confirmation.
May provide another opp for some consol / accumulation and topping up if inclined?
GLA...
Shooting Star
The shooting star is a short-term top in which, after a strong advance, the price action creates a small gap up and a small green filled real body appears at the end of a long wick or upper shadow.
This shows that the bulls could not gain control and that the bears are resisting, forcing a possible retreat of the upward trend.
http://www.sharechart.com.au/Education/TechnicalIndicators/Candlestick Reversal Patterns.htm
Chart - NXR, page-206
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