Enter below 210-212 (Post confirmation)
Can go till TP - 192, 173, 153, 132 if selling pressure persists
The is a reversal pattern that can also mark a top or . Forming after an advance, a signals that selling pressure is starting to increase. The low of the long lower shadow confirms that sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of selling pressure raises the yellow flag.
Cons of prime gravity
- Stock is trading at 7.92 times its book value
- Company has low interest coverage ratio.