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Posted On: 03/09/2018 6:20:38 PM
Post# of 4081
Grizz, I half ass follow candlestick to see how a stock reacts. I have not been trading with them since my JBZY is accumulated as a long term hold.
This may be stretching, but did we have a Morning Star Bullish the last four days.
The White day occurred on the fourth day and it also engulfed the first day.
Lets see where the stock goes next week.
How to Identify it
First day is a long black day
Second day is a small day that gaps in the direction of the previous trend
The third day is a white day
What it Means
In a downtrend, the market bolsters the bearish trend with a long black day and gaps open on the second day. However, the second day trades within a small range and closes at or near its open. This scenario generally shows the potential for a rally, as many positions have been changed. Confirmation of the trend reversal is given by the white third day.
This may be stretching, but did we have a Morning Star Bullish the last four days.
The White day occurred on the fourth day and it also engulfed the first day.
Lets see where the stock goes next week.
How to Identify it
First day is a long black day
Second day is a small day that gaps in the direction of the previous trend
The third day is a white day
What it Means
In a downtrend, the market bolsters the bearish trend with a long black day and gaps open on the second day. However, the second day trades within a small range and closes at or near its open. This scenario generally shows the potential for a rally, as many positions have been changed. Confirmation of the trend reversal is given by the white third day.
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