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Traders Cafe
(Total Views: 148)
Posted On: 11/07/2019 9:14:07 PM
Post# of 27301
Posted By: dw
SKDI closed up 53.0 percent on Thursday, November 7, 2019, on 37.66 times normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

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