Price opened at 4.30 and went up to 4.43 marking it high for the day but as the end of trading approached, bears / sellers dominated as price went down to 4.28 marking the low and closed at 4.31. Price action for that day formed a shooting star which is a reversal type of candlestick. Needs a bearish candlestick on the next day to confirm its reversal. To negate the short term bearishness, price needs to break out from the resistance line above 4.42 / 4.43 with a high volume.
Harmonic Pattern Forming
Disclaimer: This is my personal technical analysis on this stock. It is not my intention to give a buy or sell advise. Trade at your own risk.
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