too risky BD, not with a shooting star candle at monthly highs, NO WAY.
im outta bed in Perth time & watching hourly
SHORT ATTACK succeeding
2590 to 2520 now
hitting daily lows and SHORT attacks are succeeding
5th to 7th short attack now, they are relentless these short sellers
RSI now 60.23 thats only +0.94 from yesterdays 59.29 (was +11.0 on friday)
RSI momentum slowing sharply 3 days in a row and showing overbought
MACD is now +0.16 thats green still & +0.15 from yesterday but thats slowed too from the prior prints of +0.24 0.20 0.21 last 3 days, MACD momentum slowing also
as it opened up +19c it may print green on TA
but this LONG NECKLINE now 70c is a BIG WORRY, its a shooting star shooting star candle formed at monthly high = BEARISH
SHORTS smell weakness here
SHORTS targeting 2490 - 2512 or less imho
The SHORTS want it below the 100DMA which is now 24.95
"A shooting star chart pattern is a bearish candlestick pattern that appears after a strong uptrend. It signals that the bullish momentum is fading and a potential downtrend may be on the horizon. The pattern is characterized by a short body (representing a small difference between the opening and closing prices) and a long upper shadow (wick/neck) that is at least twice the size of the body"
gold star goes to open buyer 2511 who sold 2590s making 80c
red bunny goes to the buyer at 25.70 now 2500 losing 70c
SHORTS sucked int he LONGS
Like it or not the SHORTS are in charge right now.
BULL TRAP springing now
MIN Price at posting:
$25.26 Sentiment: None Disclosure: Not Held
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