POW 0.00% 0.8¢ protean energy limited

No claiming to be an expert on charts and open to constructive...

  1. 1,116 Posts.
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    No claiming to be an expert on charts and open to constructive criticism, but from my understanding is this. A dragonfly DOJI has formed and OBV has been rising since 14th March 2018. Selling VOL has dropped off, RSI just above 50%.

    "A dragonfly doji is the most uncommon candle of the four different types of doji candlesticks. As with any doji, the dragonfly depicts a situation in which supply and demand are in equilibrium, thus possibly signaling an important reversal. It is characterized by having a small real body (or none at all) and a long lower shadow. " (http://www.investinganswers.com/financial-dictionary/technical-analysis/dragonfly-doji-1249)


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