Recent IPO SQLT has crashed from it's opening share price of 20/share - which actually went on to open at $26-$28 the first day of trading, for several weeks, until it crashed to it's recent low, around $15.80. This was met with strong resistance, and a bullish candle formed, with a large amount of volume, signalling a potential reversal of the market. The stock price has been consolidating at this new level, and we must wait for confirmation of another signal before making any moves.
Comment
⋅
Strong bullish candle developring, looking for large volume