GMG 0.76% $36.45 goodman group

this stock is in traders hand, page-46

  1. 9,492 Posts.
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    Fit...you can only get a mental picture of the candle that is forming as the day's trade heads towards the close. When it hit 13.5c there was no way of knowing at that very moment that it was time to buy. However, once I realised that it was going to close well off it's low for the day, above its open (in other words I could visualise the candle that was forming) and on big volume, I entered that day at 16.5c. If you weren't following the price and volume action during the day and simply then looked at the candle that night you would see that it indicated a high probability of a reversal in trend. Don't take my word for it, read up on it and see what they say about this type of candle after an extended downtrend.
 
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