Usually a star that follows a long black candlestick in a downtrend indicates a change in the market environment. Bears were in control during the downtrend but now a change is implied by the appearance of a star that shows that the bulls and the bears are in equilibrium. The downward energy is dissipating. Things are not favorable for continuation of a bear market.
Important Factors:
A confirmation of the reversal on the third day is required. This confirmation of the trend reversal may be in the form of a white candlestick, a large gap up or a higher close on the next trading day (third day).
Posted by Persia on :
looking good
Posted by sabre81 on :
This better not do anything..... i just dumped my shares.
Posted by Persia on :
why did you dump your shares?
Posted by sabre81 on :
Didn't look good and i've been hearing of some shady business going on. I hope i don't regret this. hmm
Posted by Persia on :
all these otcbb and pinks are pos and shady, play the charts, PR's and momo...
Posted by sabre81 on :
well, it's mostly that they have been hitting new lows every day... i guess i'm impatient.