Tuesday, June 30, 2015 5:10:14 PM
EDIT: Nice long tail on that green candle
Moreover, the tail sets right on top of one of the old descending supports from my minimal chart. Origin high of 5/1, $0.63, toucehes high of 5/4, 5/11, 5/13, 5/20 (barely miss), 5/22, 5/26. Extend right and hits low of today, 6/30, at $0.3702.
With open and close where they are, and being in a down trend, should qualify as a bullish "hammer".
Doesn't always push up next day, but a 60% successful bullish indicator. Unfortunately, doesn't move strongly on the break up and is only a mid-rank performer.
But better than a sharp stick in the eye and/or misinformation from the <avoid message deletion>
EDIT: Bulkowski's Hammer
Bill
Moreover, the tail sets right on top of one of the old descending supports from my minimal chart. Origin high of 5/1, $0.63, toucehes high of 5/4, 5/11, 5/13, 5/20 (barely miss), 5/22, 5/26. Extend right and hits low of today, 6/30, at $0.3702.
With open and close where they are, and being in a down trend, should qualify as a bullish "hammer".
Doesn't always push up next day, but a 60% successful bullish indicator. Unfortunately, doesn't move strongly on the break up and is only a mid-rank performer.
But better than a sharp stick in the eye and/or misinformation from the <avoid message deletion>
EDIT: Bulkowski's Hammer
Bill
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