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54.5¢ slater & gordon limited

Hmmm, I think I might have read that before!!!!

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yensog

515 Posts.

14/04/16

20:52

Post #: 17507414
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Originally posted by ktb123 ↑

BULLISH KICKING

Definition
This pattern consists firstly of a black Marubozu and then a white Marubozu. After the black Marubozu, the market opens above the prior session’s opening, forming a gap between the two candlesticks.

Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. On the first day a black Marubozu (or a black candlestick) is observed.
3. Then we see a white Marubozu (or a white candlestick) on the second day.
4. The second day opens higher with a body gap.

Trader’s Behavior
The pattern is a strong sign showing that the market is headed upwards. It appears in a downtrend and on the first day a strong black candlestick (or a black Marubozu) further confirms the bearishness. The next day prices open at or above the previous day’s open, causing a gap. This huge gap urges the bulls to take action. The market heads up forming a white candlestick (or a white Marubozu).

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Hmmm, I think I might have read that before!!!!

SGH Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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