PET - 55.00p .. sorry, it doesn't appear in my A-Z which I recently started, which means that I haven't viewed it in any great detail for a few weeks.
I have just had a quick look, and I see that Fridays candlestick was a 'doji' (a cross) which is often a 'reversal signal'. I have drawn a couple of lines on its 1 mth chart, which converge on the 'doji' .. so tomorrow it looks as though the price has a decision to make.
The price fell slightly throughout last week, which suggests that a reversal would be upwards .. however, there has been an underlying uptrend during the last few weeks, and intraday on Thurs/Fri, the price fell through the support of this uptrend, which could be a warning that this uptrend is about to fail, and this could also be seen as a reversal.
..so although the 'doji' is not providing a clear sense of direction, it is saying that the price movement tomorrow should be watched even closer than usual .. cos sumfink may be about to happen.
