JPASSOCIATES goes from bad to worse
Several reasons for shorting the stock
1. A bearish TK-Cross below the Kumo
2.Price could not get into the cloud - Span B of the cloud acted as resistance and price moves downwards
3. There is a small Doji before the first red candle indicating indecision . But this was soon solved as is shown by the engulfing red candle immediately after the doji.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.