A lower open is rather important for this to be tradable tomorrow. But any open with strong selling past previous days open would show the same thing.
Looks like a down move to me, it's hard to find a target in this situation, so I used fibonacci extensions to calculate an area of ratio confluence where the stock might reverse. I think the 1.618 and 1.272 fibonacci ratio confluence is a valid target
Good shorting opportunity, lower open ideal, I like the blatant strong overbought stochastic condition and the indecisive trading that has taken place smack bang on the 20 EMA(consisting of dojis spinning tops etc), that has been taking place the last few days. Will it break tomorrow?
Looks like a down move to me, it's hard to find a target in this situation, so I used fibonacci extensions to calculate an area of ratio confluence where the stock might reverse. I think the 1.618 and 1.272 fibonacci ratio confluence is a valid target
Good shorting opportunity, lower open ideal, I like the blatant strong overbought stochastic condition and the indecisive trading that has taken place smack bang on the 20 EMA(consisting of dojis spinning tops etc), that has been taking place the last few days. Will it break tomorrow?