RE:RE:RE:A bearish candlestick call I would encourage you to look at your chart and technicals.
MACD is flat and not crossed over. Yes extended but not rolling over. Flat Line 0.05....Smoothed 0.05.
Stockastics once again is not crossed over bearish. Fast Stoch is actually turned above slow. I do not see this as a very reliable indicator as it whipsaws regularly. But as it is turning at the 50 its actually supporting a trend continuation.
Keep in mind TA is simply mathematical commputations of a price, a range, an open, a close and volume. So it helps to understand the math.
Statistically gaps do get filled. Professionals selling to the amatuers.
And keep the odds on your side. But you are using flawed analysis from Canadabologna to make the decission.
But if the gaps don't get filled then statistically the trend is intact and favors the players of the trend whether up or down.
RSI is simply a computation of high and low for the day and close and where does the close happen in the days range. This gets averaged out over X periods. So as I say right now RSI is high and you see a divergence. Good for you. But it also is saying that in this condition that the bulls are closing the stock price in the higher part of the days trading range on average over the period being monitored. Also when RSI and MACD are extended and you get a break out it shows that the bulls are challenging the price envelope. Its closing in the higher ranges of the days trading. The moving averages are also runnig with the trend via the MACD. The bulls want in.
Now it all depends on what news is coming with the company as well so its not like TA will just win out but that it simply is a guide to following the WHOLE story of fundamentals within the company. But if the growth internally is going up then the share price will simply reflect the positives that the technicals will present.
If your stochastics and RSI for that matter bounce off 50 its a good sign as well. But its simply a matter of understanding the formula that computes the indicator.