Billion Dollar Baby, page-99

The pull back is no surprise the stock had gained so much so quickly that the RSI was over 80 when over 70 is considered in overbought and unsustainable. Also on the chart on the day of the announcement a candlestick called a shooting star was formed which is considered extremely bearish and signifies that the upward trend had run out of steam. Chartists looking for a sign to sell would have sold today, the volume caused by this group exited makes some other holders nervous and they pull the trigger too. Once the dust settles in view all the positivity shown by brokers and others NEA will most likely resume it's upwards trajectory as it is gaining more interest from investors as it approaches profitability and all metrics continue to look more positive. (churn, ACV, ARPS, LTV, expansion plans).
The same situation occurred after the release of the positive FY 2018 results, the price rose steadily from the release date on the 22/10/2018 until the 10/09/2018, the price at this time was $1.865 and then it steadily declined until the it reached $1.26 on the 29/10/2018. From there the price rose to $1.75 and then drifted down until the January announcement when it started an upward run which has lasted for 6 or 7 weeks and the price has risen by a whopping 71% or $1.07.