BEARISH
Lots of tech stocks were weak on friday, Rapid7 (RPD) fell too.
On the daily I see a head & shoulders pattern forming.
A strong (high volume) bearish candle which may indicate the end of the uptrend.
BULLISH
On the weekly the stock is still in an uptrend and the doji is showing indecision.
UNSURE
I wonder why buyers stepped in on friday the 22th, and why they didn't do that on the 18th when the stock made a low of 28.
Did the sellers hold off that day and they decided to start selling on friday because of the escalating trade war?
I currently own a small position, I am preparing the close my position.
I have no idea how it will play out, double top (?), failed head & shoulders (?)... Future will tell.
Lots of tech stocks were weak on friday, Rapid7 (RPD) fell too.
On the daily I see a head & shoulders pattern forming.
A strong (high volume) bearish candle which may indicate the end of the uptrend.
BULLISH
On the weekly the stock is still in an uptrend and the doji is showing indecision.
UNSURE
I wonder why buyers stepped in on friday the 22th, and why they didn't do that on the 18th when the stock made a low of 28.
Did the sellers hold off that day and they decided to start selling on friday because of the escalating trade war?
I currently own a small position, I am preparing the close my position.
I have no idea how it will play out, double top (?), failed head & shoulders (?)... Future will tell.