As mentioned earlier, this action which this website claim to be a bullish engulfing, is not, its their own variation of a half pretend pattern. If only they would follow the rules, if they did they would not be holding another loss atm.
A true bullish engulfing pattern can be seen below, now try and find that pattern with the late action of LYC, one can not.
The last 'bullish engulfing' pattern occurred 08Feb13, atm, LYC is simply hovering around these lows, neither bearish or bullish. Not sure why that site make up half baked patterns.
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dyor
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http://tradingwithpriceaction.com/engulfing-bar-trade-setup/
* bullish engulfing, page-26
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Last
$7.20 |
Change
0.160(2.27%) |
Mkt cap ! $6.645B | |||
| Open | High | Low | Value | Volume |
| $7.12 | $7.27 | $7.09 | $14.38M | 2.001M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 12472 | $7.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.20 | 166 | 4 |
View Market Depth
| Last trade - 13.05pm 10/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |