re: goblin may get lucky - arthur Ppantula, You say "I use Market Analyser & Know nothing about candle shapes except that green is good & Red is bad.."
That is not always correct. The colour of the candle doesn't necessarily mean the share is falling in price. It just means that the closing price for the day is lower than the opening price. It still may have closed higher than the previous day. Take a look at BHP's chart and in particular the dates Feb 6 to Feb 20. There are 10 red and one green candle but during that time the price rose from $11.41 to $12.45.
Hope this helped you a little.
Cheers
time for a rest , page-43
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$1.32 |
Change
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| Open | High | Low | Value | Volume |
| $1.32 | $1.33 | $1.31 | $20.75M | 15.73M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 207509 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 8013 | 1 |
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