AYX - came off it's lows with a long legged doji candle but
that's not a hammer candle (hammer candle needs to take back all
the losses). The stock dropped down sharply out of its bear
flag and later managed to bounce intraday after forming a divergent
low on its 15 minute chart. Focus on price action first and
foremost when trading. The market bounced today off the lows
thus I'm sure quite a few stocks have similar candles today.
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Steve or Matt can you
AYX Updated View
Posted by fwklemmer on 25th of Sep 2019 at 10:51 pm
Steve or Matt can you please comment on potential RSI and CCI divergence on AYX? It closed with a hammer candle today like a lot of similar stocks.
yep Steve commented before me,
Posted by matt on 26th of Sep 2019 at 09:34 am
yep Steve commented before me, also yes I saw a lot of stocks like that, particularly shorts that rebounded off the lows
AYX - came off it's
Posted by steve on 26th of Sep 2019 at 07:17 am
AYX - came off it's lows with a long legged doji candle but that's not a hammer candle (hammer candle needs to take back all the losses). The stock dropped down sharply out of its bear flag and later managed to bounce intraday after forming a divergent low on its 15 minute chart. Focus on price action first and foremost when trading. The market bounced today off the lows thus I'm sure quite a few stocks have similar candles today.