ROC rocketboots limited
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bullish engulfing pattern

  1. raauul
    318 Posts.
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    07/03/13
    16:51
    Post #: 11510745
    Bullish engulfing candle pattern formed today.

    On decent volume too.

    Bottom of the candle right on & bounced off old resistance at .485 (from Nov '12)

    If the TAers get on it, that should be the end of this little downtrend hopefully. (Which by the way started with a very nasty looking Bearish engulfing pattern)

    I don't religiously follow charts, but there are some very easily recogisable patterns that many people follow, so silly to ignore.
    ROC Price at posting: 53.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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