Retail HOLDRS Forms Evening Doji Star Reversal

After a surge to the early July high, the Retail HOLDRS (RTH) formed a rare evening doji star. This bearish candlestick reversal pattern features a white candlestick, a doji and a long black candlestick. There are gaps on either side of the doji. This doji has a long upper shadow, but it is still a doji. Also notice that RTH was overbought as CCI was above +100 for an extended period.

111026rth


Click this image for a live chart.

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