Post by
Born2Struggle2 on Mar 30, 2022 6:59am
CANDLESTICK PATTERNS ...
Looking at 3 U companies - Indicted trend reversals, short term (likely most of the U's are printing these "indicators")
DML - Both a Piercing Line and Bullish Engulfing patterns - should be a short term trend up starting
CCO - A Morning Star pattern developing, will be complete if today is an up day, opens/closes higher - start of a short term trend up
GXU - Bullish Engulfing - should be an up day with a short term trend to follow
interesting to see if these indicators do predict an up day or two. I'm a very long term U investor, grounded in fundamental and technical analysis principles of investing. And anybody with one eyeball and an arsehole should be able to see the compelling future for U mining in Canada and Africa. Haven't had a lot of luck with these short term indicators, and I do keep a pile of cash handy for opportunities, so looking for an edge, short term.
Comment by
Born2Struggle2 on Mar 30, 2022 10:55am
ya, nothing to do with me, just learning and observing whether these things have an accuracy or not. Haven@t deployed any cash yet based upon these types of TA, Posted the TA@s just because I saw them kind of developing/forming late yesterday. Have been to lazy to back test for myslelf. More info is available at ... Understanding a Candlestick Chart (investopedia.com)