Chart is showing a bullish long legged doji.
Definition:Long Legged Doji is a doji characterized with very long shadows. It shows the indecision of the buyers and sellers. It is one of the important reversal signals.
Recognition Criteria:
1. Market is characterized by a bearish mood and downtrend.
2. Then we see a Doji that gaps in the direction of the downtrend.
3. The real body is either a horizontal line or it is significantly small.
4. Both of the upper and lower shadows are long and they are almost equal in length.
Explanation:
Long Legged Doji shows that there is a great deal of confusion and indecision in the market. This particular pattern shows that the prices moved well above and below the day's opening level, however they finally closed virtually at the same level with the opening price. The end result is only a little change from the opening price despite the whole volatility and excitement during the day that clearly reflects that the market lost its sense of direction.
If the pathetic excuse for an index, the Dow stops leading us down the garden path or shows some recovery, perhaps 1% or more in a session then this will be at 27c before you know it.
- Forums
- ASX - By Stock
- RHK
- any tech charting guys speculate the bottom
any tech charting guys speculate the bottom, page-21
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RHK (ASX) to my watchlist
(20min delay)
|
|||||
Last
77.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $153.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.0¢ | 18036 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.750 |
1 | 25 | 0.740 |
1 | 15151 | 0.660 |
1 | 10000 | 0.650 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 18036 | 5 |
0.820 | 3673 | 3 |
0.830 | 2941 | 1 |
0.890 | 2368 | 1 |
0.910 | 20000 | 1 |
Last trade - 16.12pm 28/08/2024 (20 minute delay) ? |
Featured News
RHK (ASX) Chart |
Day chart unavailable
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online