Hello, From a technical viewpoint, I thought the japanese candle 'hammer' formation that I saw on 22 May 2017 (similar to hammer on 9 Feb 2017) and with the next candle trending up, it signalled a reversal (as was the case, albeit, short lived around 9 Feb). This time, however, it seems, the reversal never fully materialised and instead we see a bearish engulfing on 24 May 2017, followed by a further fall yesterday (on extremely high volume (5mil +, compared to +-300K)) and then a further drop today. Any chance for some comments on this stocks behaviour - and what the possible botom is going to be ....... Should the candles, in this case, be looked at with other technical indicators (e.g stochastic ...). Its just that this share appears to be very oversold (undervalued) and still it is being knocked down, and there isn'y any news to justify this hammering ........
... View more