Yesterday AXAS printed what is called a Shooting Star on a candle chart. Generally a bearish (short term) indicator. A drop today would be expected.
Shooting Star shows higher open, moving much higher during day then closing towards lows as buyers dry up and sellers prevail....that is why it is bearish into the next session.
Thanks for that CH4---are you a chemist?
No, I am a mostly retired petroleum geologist, now turned mostly full time equity/options trader.
Methane (/ˈmɛθeɪn/, /ˈmiːθeɪn/ or /ˈmɛtæn/) is a chemical compound with the chemical formula CH
4 (one atom of carbon and four atoms of hydrogen). It is the simplest alkane and the main component of natural gas