Today again we had a bearish candlestick, a gravestone doji. It seems the effect of T+1'ers selling into the close is basically distorting the usefulness of candlestick projections (my theory anyway).
Yesterday's candlestick suggested a very quick dip below 17c but instead the SP bolted out to 18.5c and shuttled between 17.5c and 18.5c the whole day.
I think the hot air has now left HTX until another day so I expect a mediocre Monday. What is happening next in terms of announcements, etc? I guess it should be updates on Ovplex sales and distributorships. It seems the latest rally was based on the date for receiving the award. The rally started a few days before the award ceremony.
It is sad but true that short-term trading can so significantly distort a company's share price.
Congrats picking the cp Hatchworks. Would like to know your take about Monday too.
HTX Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held