BUD 0.00% 0.6¢ buddy technologies ltd

DragonFly Doji?, page-27

  1. 2,673 Posts.
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    what I think may be potentially happening

    run up to .7 was due to technical indicators that tripped some traders radar's based on wyckoff 'spring' test of 5.6 lows and resulting bullish hammer on monday, and follow up white candle on tuesday

    if buying doesn't continue, some might exit due to a time-based exit stop loss and then we'll be back to 6c area

    however, on the flip side, if no selldown occurs over next day or two and price remains steady on low volume, then buying might continue for further price markup to test supply in the 8c region


    so in summary: it might go up, it might go down, or it might stay where it is

    gluck
    Last edited by showstring: 11/01/17
 
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