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re: WSB Meme Stonk Discussion thread
Posted on 6/18/21 at 6:59 am to xxTIMMYxx
Posted on 6/18/21 at 6:59 am to xxTIMMYxx
I just pulled the chart on CLNE.
2 things jumped out.
1) The black dogi candle on the weekly is usually a reversal candle. (Pointing to the stock heading back down).
2) Gap resistance in the $13-$16 area seems to be big problems for the stock, hence the long upper shadows at the tops of the candles, especially with the huge volume a couple of days ago. It just can’t seem to hold price up there.
2 things jumped out.
1) The black dogi candle on the weekly is usually a reversal candle. (Pointing to the stock heading back down).
2) Gap resistance in the $13-$16 area seems to be big problems for the stock, hence the long upper shadows at the tops of the candles, especially with the huge volume a couple of days ago. It just can’t seem to hold price up there.
This post was edited on 6/18/21 at 7:04 am
1
Posted on 6/18/21 at 7:17 am to Hussss
Can you explain what you mean by the upper shadows? Trying to understand these plays in greater detail
TIA
TIA
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