Energulf Resources Inc. ENGFF

TA analysis

[travelnutter]

I'm posting this very brief candlestick analysis as a teaser to encourage Zeta to present his views. According to my research of candlestick theory this was not a discouraging day. We were faced with a see-saw between bulls/bears all day long with prices above and below the opening sp and we ended with a close the same as the open. The candles over the last couple days formed a pattern called the Bullish Harami Cross which indicates that a bullish sentiment is developing. Tomorrow we should hope for signals like a gap up, a higher close or a white candle - if so, that should indicate sp will enjoy a sustained uptick for us. Of the 3 signals, we should all hope for a gap up in the morning to pump some oxygen into the fire. Having said all this I am not a total believer in candlestick theory although the theories are used by many successful traders. So, Zeta, jump in here with your take on the day! Best luck to all ENG longs for the rest of this week.