mid may chart

New thread to look at TA and put ramping aside.

Let us have a look at the recent days of trading. Please note the down trend before the 1,2,3.

1. Inverted Hammer - The Inverted Hammer looks exactly like a Shooting Star, but forms after a decline or downtrend. Inverted Hammers represent a potential trend reversal or support levels. An Inverted Hammer followed by a gap up or long white candlestick with heavy volume could act as bullish confirmation.

2. Dragon Fly Doji - After a long downtrend, long black candlestick, or at support, a dragon fly doji could signal a potential bullish reversal or bottom. After a long uptrend, long white candlestick or at resistance, the long lower shadow could foreshadow a potential bearish reversal or top. Bearish or bullish confirmation is required for both situations.

3. Doji - Alone, doji are neutral patterns.

Note the MACD potential crossover that may happen tomorrow.

MACD - A bullish crossover occurs when the MACD turns up and crosses above the signal line. A bearish crossover occurs when the MACD turns down and crosses below the signal line.

My research tells me that tomorrow is a pivotal day for BGS, the DOJI candles tell me that there's indecision. The Inverted hammer tells me that there's bullish undertones. The MACD is converging as of today and may converge or diverge tomorrow. To push upwards tomorrow and close higher would confirm a bullish run for BGS.

Candlestick explanation; http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks and http://stockcharts.com/school/doku.php?st=macd&id=chart_school:technical_indicators:moving_average_conve