$AKE has had 7 consecutive down days on the daily chart, falling a total of -89.12% during that time. So far today, it's down -7.9%.
Let's use this as a chance to talk about consecutive up and down days.
The number of consecutive up days alone isn't a reason to buy or sell. Many people pay closer attention to whether trading volume is increasing or decreasing across that run of candlesticks.
Some people like to compare the daily and weekly charts: when the broader trend is aligned, a run of same-colored daily candles is often more likely to continue for a while; when the directions don't align, it's worth being more cautious.
Cross-checking several indicators is more reliable than looking at just one, but no number of signals can give you a definitive answer.
#AKE
Just my personal opinion—don't take it too seriously.
Let's use this as a chance to talk about consecutive up and down days.
The number of consecutive up days alone isn't a reason to buy or sell. Many people pay closer attention to whether trading volume is increasing or decreasing across that run of candlesticks.
Some people like to compare the daily and weekly charts: when the broader trend is aligned, a run of same-colored daily candles is often more likely to continue for a while; when the directions don't align, it's worth being more cautious.
Cross-checking several indicators is more reliable than looking at just one, but no number of signals can give you a definitive answer.
#AKE
Just my personal opinion—don't take it too seriously.