Investors to note:
Today's black candlestick shows a classical bearish engulfment. It totally covered the 3 previous white candles which was also supported by the enormous amount of volume. RSI is in the overbought region.
Coincidentally, the black candle drops to $1.80, which is also the gap up on the 8th October! Does that caught your attention? That price should be the support level.
Therefore, we should see a temporary downtrend this week. Short term investors who missed the previous bull run from this counter might want to get ready your bullets and reload in the next uptrend opportunity in time to come.
