I'd be careful to read to much into the last candlestick - its a single element amongst multiple.
Have a look at the real gravestone doji on the 20th after a decent gap up, coupled with the daily RSI showing over extension. The market continued to push up into $3.21. That said, if you check the RSI on the daily for the past few years, you'll notice there almost always a reversal when it over extends - but they themselves vary depening on the prior upward volatility.
Looking at a single indicator in TA is principally the same as looking at a single indicator in FA - its a peep hole perspective only and the panaromic perspective is what should be considered in totality - I'd never use TA in isolation of FA fundamentals and macro conditions, that show trends specific to the stock, industry, global economony, etc. In the end, what you do really depends on how well you have designed and believe in your entry and exit parameters.
I think its due a pull back based on the monthly chart indicators, but the longer term picture and upside potential when considering multiple aspects of the trade/investment already discussed by those better educated on such technical aspects, is suggesting this is a high probability hold vs the potential downside.
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1 | 14000 | 1.385 |
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