SSC sultan corporation limited

Good afternnoon all I am by no means a chartist but I just...

  1. 2,956 Posts.
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    Good afternnoon all
    I am by no means a chartist but I just looked at the type of candlestick that todays trading represents and it is a MARUBOZU. Below is an explanation of this type of candlestick that I got fom Wikipedia.

    Marubozu is the name of Japanese candlesticks formation used in technical analysis to indicate a stock has traded strongly in one direction throughout the session and closed at its high or low price of the day. A marubozu candle is represented only by a body; it has no wicks or shadows extending from the top or bottom of the candle. A white marubozu candle has a long white body and is formed when the open equals the low and the close equals the high.

    The white marubozu candle indicates that buyers controlled the price of the stock from the opening bell to the close of the day, and is considered very bullish.

    Im liking the sound of the VERY BULLISH bit. I would love to hear from some of the experienced chartists out there that could put it all in context for us.

    77

 
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