daytrade diaries... december 15, page-23

BAU bounced off support at 67c zone and produced a hammer reversal candle after being sold down agressively she managed to close at the highs of the day.
The hammer's tail is long and indicates agressive buying near the lows of the day. The longer the tail in these patterns the more probable of reversal.

MACD histogram showing positive divergence this indicates selling pressure is decreasing. The macd moving averages are also close to crossing, the last time they did this there was approx 20% jump in the shareprice.

Stochastics indicate oversold position and have just crossed over.

very strong close yesterday.