Ann: Cobalt Footprint Grows - MOU with Rosslyn Hill Mining, page-113

@RDL

Hey mate. Just got a chance to have a look.

First chart I have just changed the candles to std rather than HA and can see the doji you spotted. I will highlight a couple candles and give explanations as I see them anyway - cut/paste and link to sites for your ref (and future ref too - are handy sites )

I don't generally watch std candlesticks too much, just referring to them on as need or passing interest - prefer HA myself. Doesn't mean they don't show moves or what mkt thinks though.

Initial candle is hanging man (single candle), then long legged doji (single candle) and a small black marubozu (todays candle).

As the mkt gets a little indecisive on the uptrend you see the hanging man (weaker bear signal as SP closed on its high rather than its low), then doji and black marubozu. Does it mean a reversal? This where the watch comes as right now it just shows me indecision / pause about direction and battle between buyers / sellers.

I'll also post a HA chart after as well as I see it.

Have a nice weekend.

Hanging Man: Hanging Man candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during an advance, then it is called a Hanging Man.


Long-Legged Doji: This candlestick has long upper and lower shadows with the Doji in the middle of the day's trading range, clearly reflecting the indecision of traders.


Marubozu: A candlestick with no shadow extending from the body at either the open, the close or at both. The name means close-cropped or close-cut in Japanese, though other interpretations refer to it as Bald or Shaven Head.


Couple links / refs -

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_pattern_dictionary

http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/HangingMan.html

http://thepatternsite.com/BlackMarubozu.html