ASI closed bullish with a long lower shadow GREEN candle. This was the case yesterday with a Red bearish candle, and a long lower shadow. The position of these are more like a harami formation, giving a neutral position in the market. Another development is the Swing low formation as todays low was higher than yesterday's low, whilst the low of Tuesday was higher than yesterday's low. This gives a tiny bit of relief but not very strong. Also with JKH having a swing low it could make a difference to the market tomorrow. However the long term trend is still bearish, and the market is now having to hit above the major resistance of 6150 makes it to be in neutral territory just like the Harami formation mentioned elsewhere in this post.
Making money in the Stock Market is not easy, but not hard only with increased education and understanding.......
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