The 14 day RSI is nearly 73 and very overbought.
This could be a reversal spike: Market turns that happen very quickly with little or no transition period. Spikes often occur when a market has become very overextended in one direction, when a sudden piece of adverse news causes a sudden reversal. Reversal spike highs (aka blowoffs) and lows (aka selling climaxes) can signal a reversal or deceleration of a trend, but unfortunately they are very difficult to forecast.
That is the challenge - determining when the pullback willstart. I have been buying and shorting this as it climbs and think it will work its way eventually to 20. I also think it will retrace to the low 13s before it happens.
not much do in this ji. volume and stochastics look bullish to me.
did you read the earlier post "BAC going ballistic" or something to that effect, with the Stockcharts.com chart?
of course, who knows what will happen in the market tomorrow? i don't, but i will hold my shares.
first paragraph supra just my humble opinion. -r2
ps: as i understand the term, "do" means "same" and "ji" means "letter/sign/character". according to the explanations i've read, a doji occurs when the stock goes up, peaks (maybe plateaus), and retraces back down to where it started. by "long-legged" i take it you mean the doji is stretched out intraday. am i missing something?
Mt take on it is that you have a doji - that when at either an uptrend/downtrend can show a change in momentum or indecision. Add that RSI shows overbought and Fast Stoch just crossed over it -may- show that we can see some retracement. This stock has traded up and then back to the 10 Day Moving Average fairly regularly. I am not suure this will start tomorrom but I am fairly certian it will start its retrace by Wednesday.