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Message: of some TA interest........

of some TA interest........

posted on Mar 28, 2008 05:07PM
Candlestick Analysis
Today’s Candlestick Patterns:
White Candlestick
Bullish Piercing Line
 

Today a White Candlestick was formed. This represents normal buying pressure.
For more about this candlestick click here.

The last two candlesticks formed a Bullish Piercing Line Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.

 

BULLISH PIERCING LINE
Type: Reversal
Relevance: Bullish
Prior Trend: Bearish
Reliability: High
Confirmation: Suggested
No. of Sticks:

2

....

A confirmation of the trend reversal by a white candlestick, a large gap up or by a higher close on the next trading day is suggested.

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