Please be reminded that some traders will take some profits due to the upcoming holidays like Hajj on 26th and All Saints day on Nov1.
I hope that earnings expectations will not disappoint. Or else, this will be another reason of selling pressure this week.
A breakout from its apex with green candle supported by good volume will make the RSI go above 50 and MACD will give a buy signal.
On Monday, we should see a follow thru to confirm the reversal of the trend or breakout from consolidation.
Foreigners are pocketing some gains?
What do foreigners know that we don’t? Why they are still buying giving even at higher price? 🙂
On candlestick pattern, I must admit that I don’t know what is this called, but for me it’s a combination of shooting star and bearish harami. Both pattern signifies a bearish reversal pattern. Please be careful because immediate support is still at .10 lol