Inga your TA is atrocious.
1. Short-term, from a TA perspective, since Feb 2 there is no gap above 35 to be filled
Wrong-There are THREE GAPS/WINDOWS since mid-March when ASND began it's run from 30-32. Last one was formed at 38.38 and 38.50, formed on Tues, Apr. 7 and Weds, Apr, 8.
2. candlestick forms a "morning star" on April 6-7-8
First- a Morning Star HAS to be at the end of a substantial down trend. The first Candle must be a LONG Black Candle, Second candle a small body candle of any color and the third one a long WHITE Candle.
Second- NONE of the Candle Bodies MAY TOUCH, PERIOD. As can be plainly seen, the candle of the 7th pierces quite a ways into the previous candle of the 6th.
No ifs, ands or buts about it the 6, 7, 8th do NOT make a Morn. Star.
You say yourself that a Morn Star forms a bottom. It would have to be AT the bottom to FORM a bottom don't cha think?
Morning Star:
why.net
iqc.com
3.The star also shapes like a hammer (indicating reversal) so the white body on April 8 can be used as confirmation signal of a starting uptrend
That formation HAS to happen at the bottom of a prolonged downtrend to be considered a hammer. This IS NOT a HAMMER. No way, NO how. Hell, it's closer to a Hanging Man than a Hammer.
Hammer:
why.net
iqc.com
4.The dark cloud of April 9(bearish) probably can be ignored since it was related to nervousness of earning date.
C'Mon. You can NEVER ignore a Candle Pattern. If it's there it's there. You can't just explain it off, because it doesn't suit your fancy.
Poor way to do TA and will kill you if you do it often. That's not objective TA, that's just seeing what you want to.
Dark Cloud Cover:
why.net
iqc.com
I am not a Fundamental Analyst so cannot comment on what you have said in that regards, but it's garbage if it is even a FRACTION as poor as your TECHNICAL analysis.
|
