We had highlighted the two hammers in our post on Nov 06... and expected a move down.
The downmove came.. but was held by a combination of red averages and the upper blue support line.
The monthly chart below shows negativity in the sense that its a Doji with just 4 days to go for November. A hammer or a Doji after an uptrend (nine months in this case), is not good for further gains. Some correction is expected. Still we would like to see how November closes.
