zukedu

APPN short on resistance with overextended move

Short
zukedu Updated   
NASDAQ:APPN   Appian Corporation
TBD
Comment:
Weekly analysis:
- Igniting volume after doji and endling voume after igniteing
- Long wick of the 2nd bullish candle near resistance. ( lack of bull commitment)

Daily analysis:
- Stock is quite extended in the range
- Very smooth price increase (Not much resistance
- Doji followed by bearish candle with long wick. Both on good volume

Intra day anaysis:
- Bullish volome seems to be decreasing and bearish volume is increasing as the day past. Especially on 17th Jan candle
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