jere.ornelas

Bear flag rising on light volume

Short
NYSE:WUBA   None
The daily candlestick on Friday produce a shadow right at the mid-point of the daily linear regression with the daily RSI also retracing back to 51. Daily volume has dried up significantly the last few days. Hourly chart contains a recent inverted hammer at the mid-point of the daily linear regression channel, and price ended on Friday rubbing up against the 50SMA as the hourly RSI topped out at 60.
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