Agreed. In terms of candlesticks, today we had a shooting star candlestick e.g.:
http://www.trending123.com/patterns/Shooting-Star-Short-term-Stock-Chart-Pattern.html
The real body of the candle gapped away from the real body of the previous day's candle. Also the upper wick is at least twice as long as the body of the candle.
I think the share price movement today was exaggerated by short term traders (1 day trading horizon) and the fall at the end was exaggerated by those who got stuck at higher levels and tried to get out to square the books for the day. Forced selling, I think so to speak.
Fundamentally, there was no new information in today's announcement I think. Long term story still bullish but needs to take a breather.
Agreed. In terms of candlesticks, today we had a shooting star...
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