Flawed analysis of a Doji there Meerkat.
A doji downbar is tipped towards bullishness.
Pro money buys on downbars and we saw 60m bought today.
I also note that you don't use intraday charts which would show whether the buying came late to form the doji ie 2.3c to 2.5c OR whether the selling came late to take it from 2.6c to 2.5c. A big difference! Of course we know that it was the former with buyers coming in.
As for your title of the chart - please can you provide your calculation on the forthcoming acquisition which backs up your rear view mirror valuation? And I thought that the market was forward looking.
Flawed analysis of a Doji there Meerkat. A doji downbar is...
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16.0¢ |
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Mkt cap ! $27.10M | |||
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