EXT 0.00% 0.9¢ excite technology services ltd

scilliams, Whilst the typical long legged doji (equal shadows...

  1. 31 Posts.
    scilliams,

    Whilst the typical long legged doji (equal shadows above and below body) represents clear market indecision, I believe Fridays trade represents a dragonfly doji - the bullish counterpart to the gravestone doji. Fridays trade showed EXT touching recent lows (triggered by stop loss execution), and it happened quickly. But such a recovery from a very long shadow almost represents a hammer. I agree with the macd and stoc following the recent kick up, but i think theres more to this one..

    With trades going through after market upwards of 700k, EXT continues to break new ground. And with bots working away, increased public interest and good news at hand we could be headed north (md term).

    I sat on the sidelines a while back, hoping for it to hit my lower (reasonable) targets to get in - and it didnt. So I copped a higher entry. Its too well controlled.

    All the best.
 
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