Royal Bank (RY) has taken a bit of a beating the last couple of weeks, but the past 2 days are showing some encouraging signs of a turnaround. Yesterday the candlestick formation was a doji star, this can indicate a change in trend. The market trades higher and lower over the course of the day but end up in the same place it started, this shows some market indecision. Today the candlestick pattern was a hammer, this can be an indication of a new bullish trend beginning. The market trades down during the day but finished higher than the open and closes on a high. The RSI (at the top) is also showing signs of bottoming and reversing. See what unfolds this weekend (middle east fighting/politic in the US) and be ready to act on Monday.
.