notice the action below the level of the base of the open white candle. The last candle is a doji. It is indecisive but the bearish line above does not look good. It may change throughout the course of today.
and it changed while I was writing this. It now looks like a small open candle. Have a look eod because that will give a better idea
just indecision , my comment friday was really because i noticed that even with the smallest of sells the bid was moved down - seemed like nobody wanted the shares
snip
Agreed - around 6p is support - there are a lot of people who stepped in around there - doubt if they'll hold on too much longer and lose their gains. Could go sailing through 10p - unless it forms a new higher low.
it was a genuine question, maddoctor. i'm guessing it's some mad fluury of sells sending the sp down even more before it starts creeping back up in anticipation of news? that's something that has happened consistently with seo. dive before news.....
a selling climax. Not likely here until around 6p. sellers are selling on the way down in order to wrap up a smidgen of profit or if they are awake enough not to lose most of their pot. It depends on the individual original buy point. The current buyers are into catching falling knives. There is absolutely no buy sign here
lol md there are still lots hanging on. The panic will be at just above the major buy point ie 6p. The panic leads to the `blowoff` but then there will be several tests of 6p as sellers sell on each rise above 6p thankful to get out with the original pot.
Market psychology rules!!