Dragonfly doji on the daily chart today
"Dragonfly doji form when the open, high and close are equal and the low creates a long lower shadow. The resulting candlestick looks like a “T” with a long lower shadow and no upper shadow. Dragonfly doji indicate that sellers dominated trading and drove prices lower during the session. By the end of the session, buyers resurfaced and pushed prices back to the opening level and the session high.
The reversal implications of a dragonfly doji depend on previous price action and future confirmation. The long lower shadow provides evidence of buying pressure, but the low indicates that plenty of sellers still loom. After a long downtrend, long black candlestick, or at support, a dragonfly 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."
From: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks
PLS - Chart Update, page-1311
-
- There are more pages in this discussion • 84 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.06 |
Change
0.000(0.00%) |
Mkt cap ! $9.210B |
Open | High | Low | Value | Volume |
$3.08 | $3.11 | $3.03 | $41.65M | 13.55M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
80 | 341691 | $3.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.06 | 67580 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
72 | 306663 | 3.050 |
36 | 550622 | 3.040 |
47 | 441313 | 3.030 |
40 | 421861 | 3.020 |
23 | 232902 | 3.010 |
Price($) | Vol. | No. |
---|---|---|
3.060 | 59787 | 19 |
3.070 | 379301 | 48 |
3.080 | 559001 | 26 |
3.090 | 383272 | 20 |
3.100 | 478224 | 23 |
Last trade - 15.02pm 15/07/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online