songokou,
Short term?
The long shadow of the candlestick on 08/09/2010 was a sign of change trend and confirmed next day.
Weelky chart shows that a gravestone was just formed. However, I have no idea how it should be interpreted. If it is formed in an intraday candlestick, it is a trend reversal signal with confirming the next day candlestick.
Overall, it is bearish for short term IMO.
Long term? Needs more analysis both fundamentally. and technically.
Any other opinions will be appreciated.
Daily Chart:
Weekly Chart:
songokou,Short term?The long shadow of the candlestick on...
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