Ok we didnt get our Morning Star(maybe we would have if the tragedy in Japan didnt struck) but after todays action we have a nice bullish engulfing pattern which represents a bullish reversal pattern!
Using this pattern as a buy signal eliminates the need to grab for the fallen knife. When is ?low? the right time to buy? The Bullish Engulfing pattern reveals when the buyers have stepped in.
Didnt have a massive amount of volume though and some people say it needs to close higher than the first day..either way bullish!
Lets hope this time it holds!
AYN Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
