Friday, April 17, 2015 6:56:19 PM
$CBIS weekly chart - a BULLISH HAMMER formed this week - the lower wick on this weeks candle represents buying off Low of Week levels - after 6 red candles $CBIS is due for a bounce - Fast Sto bullish crossover - RSI hitting the 30 oversold zone - tons of juice to run - keep an $EYE on CBIS next week -
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=1101
Definition
This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range.
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=1101
Definition
This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range.
Learn how to analyze Charts & interpret Japanese candlestick patterns........link below...........$$$
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86130044
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