AIZ.ASX Fat Candle After Flat Trading

Fat candles are a good indicator of a change in direction. Especially when you see them after a period of flat trading. The flat trading can mean accumulation of big holders on before a pop, or it can mean an unexpected news drop. Fundamentals aren't my thing, But I can see that we have a very long term down trend that has rejected a change many times. The fat candle is an indication of that and a resumption to a former support level. nice little 13% gain for nothing. The stop has been set at the top of the flat trading zone. A break below this point would be sudden and violent as the trend that has held for a long time would have been broken.