Yesterday finished with a gravestone doji which you normally see near the top of an up-trend. When seen during a down-trend- like yesterday- it usually means either a continuation of that trend or possibly it signals or confirms the entering of a consolidation period around that level. The interesting thing though is that it sits neatly within the range of the previous red candle so one might argue that it is a form of a 2 candle bullish doji harami which in that case could be signalling a reversal of the current down-trend. If this is the case it would have been better if it was a star or even a dragonfly doji and better volume. None of this really helps with solid decision making at this point.
Of course all of this has to be weighed up/ validated against the overall chart dynamics. Personally I would be more confident if the SP bounced off the $.31-$.315 level for a third time.... Good luck
SOR Price at posting:
33.0¢ Sentiment: None Disclosure: Not Held
