candlestick chartists, page-17

re: candlestick chartists mgergs Max, Agreed! We have 3 inside candles of the Large Dominant White candle ( Acumlation peroid imo look at the volume drop off the last 3 /4 days) also note that the high of the run 12.5 and look at all those stale bulls back then refer to chart below.
This also as Max say's set up 2 morrow for a rising 3 though note not a classic one!! but on the cards.
Also 10.5 is 50% retrace of the run I would have prefered to see a 11 cent close that would have given 2 crosses or Rickshaw Man Doji in 2 days which would indicate some one Acumlating while traders exit.
Bear in mind only 200 thorsand shares @ 10.5 over a days trade of 9 mill set this candle.( some one big trying to set the scene or small people just taking a windfall????. maybee the later.imo
I have no doubt this stock is going too have a second crack @ 12.5 plus when it does look out it will break it 2nd time round maybee a bit sideways for now imo.
Low will be 10 cents (61.8% retace)if not 10.5(50% retace) its a 75/25 atm imo.
Cheers Pete.