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.
This content is for informational purposes only and is not intended to be investing advice.
