2waytrading

Doji Bullish Start

Long
NYSE:FIO   None
516 views
0
Seems sellers are losing the control, but buyers should show up soon if this medium reliable pattern is to be confirmed. There is also what looks inverted head and shoulder that is under formation now, once that is completed and buyers come to the surface, there is a good chance to see a new higher higher from previous higher low. If price moves below $21.89 expect sellers to continue their pressure to $18-17.50. If you decide to take long position make your stop at recent swing low $21.14

Comments