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It was Aug 1 and I was looking through the various constituents of my watchlist and I came to GSK on the FTSE. GSK has been trending down since Jun 22 and I was looking to see how that trend was developing. What I saw caught my attention. The last candle in what was looking to be a fairly well established downtrend was a doji . Dojis are usually interpreted as ...
On July 8, I posted an idea suggesting that I could see a possible trend change on LSE:SVT. The closing S.P. on the last trading day (Jul 6) was 2208.0
Since then the S.P. has risen with the last closing S.P. (Jul 13) at 2233.0. The bearish engulfing candlestick (Jul 10) did make me think that maybe I'd been suckered and that the trend change could end early. ...
LSE:SVT has been in a longterm down trend since 9 Jun 2017 taking it from 2534 to a low of 2150. The last 4 trading days looks to show a trend reversal.
1> Downtrend starts 9 Jul 2017, trending with 20 Jul and 27 Jul open prices.
3> The "above trend" bullish doji i'm discounting as a possible early misread of opportunistic investors thinking the SP was ready to ...