PRO 4.41% 65.0¢ prophecy international holdings limited

Prophecy International Holdings Ltd forms bullish "Inside Bar"...

  1. 605 Posts.
    Prophecy International Holdings Ltd forms bullish "Inside Bar" chart pattern
    Feb 17, 2016

    Recognia has detected an "Inside Bar (Bullish)" chart pattern formed on Prophecy International Holdings Ltd (PRO:ASX). This bullish signal indicates that the stock price may rise from the close of 1.67.

    Tells Me: The balance between buyers and sellers, recently dominated by the bears, is evening out. We may see higher prices ahead. An Inside Bar develops during a strong downtrend, when the trading range is completely within the boundaries of the prior bar. This suggests the balance between buyers and sellers is becoming more evenly balanced i.e. a weakening in power for the bears and increasing in power for the bulls



 
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