One Twitter follower asked yesterday about my thoughts on a Japanese candlestick chart of American Airlines Group (AAL) . AAL made a big outside day and higher close (Western bar chart) and a big Hammer-like Candlestick pattern yesterday. Important Candlestick reversal patterns (their strength) need confirmation so let's see what is going on today.
More from Investing
Here's why a pullback might help cool things off bit, as we're seeing a shift in sentiment.
The move we're seeing is tough for underinvested bulls that need entry points and even tougher for bears that are trying to fight the strength.
Let's examine the charts and indicators to see if the correction in LRCX has run its course.
I understand and appreciate all the reasons that support a bearish view, but I will follow the price action until it starts to shift.