The shooting star of Doji for Xerox

03 february 2022 92
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
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Yesterday, the trading day for Xerox has ended with the touch of the resistance of 22.5 and formation of the shooting star of Doji.


The Stochastic indicator entered the overbought zone probably marking a speedy decline of stocks.


To confirm the downward reversal, it is possible to wait until the end of the trading day.

So, if the closing price is less than 22, the signal will be proved and it will be possible to open short positions.

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
2nd in the segment "Currencies"
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