Negative news will normally cause people to sell stocks. A bad earnings report, a lapse in corporate governance, big-picture economic and political uncertainty, and unfortunate occurrences all translate to selling pressure and a decrease in the prices of many if not most stocks.
Double top, Waiting for confirmation Pros: Descending Volume RS descending Cons: PPS above 50 MA and 200MA 200MA ascending 250RSI above 50 R/R ratio under 3, weak. If confirmed: PT1 = 4,45 May see lower
New Bullish pennant after previous one 100% filled Pros Bullish engulfing candle after ER Descending volume PPS above 50 and 200MA ATR ascending 250RSI above 50 Cons 200MA flat If confirmed PT1 = 5,51 PT2 = 5,89