Victory Resources Corp
(VR:TSXV)
Event Details for: Engulfing Line (Bullish)
Tells Me: The recent downtrend is due to reverse, now that buying pressure has overwhelmed prior selling pressure. Following a clear downtrend, we see two candlesticks where the white real body of the second completely envelops the black real body of the first, showing that the bulls have take over from the bears.
|
Event Date:
|
Jun 08, 2012
|
Opportunity Type:
|
Intermediate-Term Bullish
|
Close Price:
|
.41
|
|
Price Period:
|
Weekly
|
Volume:
|
318,200
|
Inbound Trend Duration:
|
5 weeks
|
|
![]()