great ann, page-9

Yes no change to the comments...


"basically a three cent lower candle shadow shows it was oversold and the bears lost the battle, The stochastics may also show it recovered from historic oversold levels.. meaning it needs to accumulate at the current level.
Still needs a close daily watch as it must now stay and close above the yellow 30 day EMA..."

On its own the hammer or Dragon fly type doji candle are inconclusive and being the fourth black candle in a row are still in a bearish trend..However when the bottom occurs on a support level (old high of 28/11 and 38.2% fib retrace) this means a bottom and reversal may well be in.. and will require confirmation tomorrow...
The stochastics level can be compared with 09/12 when the lower stochastic was in the oversold level below 20..
Stochs do lag and the stock price may turn up before the stochastic indicator crosses ( look what happened last time)

Hope this makes sense....these TA readings are the ideals...
we are all well aware of the fallibility of TA in this market...easy for POGs coming of the recent high to trigger caution even with good report...