From a technical perspective, for two consecutive days there
is in indecision in the direction of the share price; this is reflected in the Doji
candle formations on 5th and 8th of January, 2018.
Critically looking at the chart below, we can see a negative divergence between
Price and MACD history also between Price movement and Volume traded (as price
rally upward, volume declines).
Needful to note is that the decisive candle patterns occurs
at the upper Bollinger band.
Source: Amibroker – Fidelity Daily Chart
Expectations:
Technically, the share price is beginning to show signs of
impending corrections. As such we expect a decline in the market price of the
share to support level
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