TSXV:PEM.P - Post by User
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hotstock2009on Jun 07, 2010 1:22pm
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BUY Confirmed
BUY ConfirmedNew highs soon. $.75 cents
Candlestick Analysis | Today’s Candlestick Patterns: White Opening Marubozu | | |
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Today a White Opening Marubozu was formed. This shows that the day opened and then the prices continued to go up all day long without coming below the opening level thus forming a long white body, however prices did not close at the high of the day and thus they created an upper shadow. Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion. The market seems ready for a new bullish move. The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. |