The candle closed below the cloud and the next resistance is at 23.94 hardly a couple of dollars away. Whether the stock will bounce at the strong resistance or will experience greater sell off, only time will tell.
Comment:
Though the next 5 days were in the green , the two inverted hammers on the 8th and 9th followed by the bearish confirmation confirmed the downtrend .
As on 18/10 price is 23.04
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As on 18/10 price is 23.04