Jumbo

Jumbo - 4th June 2016

It seems that a shooting star is surfacing from TA point of view.
The shooting star is made up of one candlestick (white or black) with a small body, long upper shadow and small or nonexistent lower shadow.

The shooting star position is formed when there is a gap away from the previous candlestick.
To me this is a Uptrend reversal signal.
Looks like it may turn lower if the next one or two trading session is showing further indication of a downwards price confirmation.

Short term wise looks like it may go down to test 55.5 cents then 52.5 cents.
(trade base on your own decision)