VisionChina Media, Inc. (VISN)

[ospreyeye]

$VISN Chart – the Big Winner of the 3 China charts EYE posted yesterday – Congrats to everyone following our Charts & TA – trifecta – all three were winners – China was hot the last 2 days of the week – big volume – big bounces – next week should be very interesting – be sure to follow the Ospreyeye Board for the best China charts & TA –

$VISN formed Bullish Kicking reversal pattern yesterday – today’s green candle has confirmed the pattern – closed above EMA’s 4 & 8 – key levels to turn into support – the middle Bollinger Band @ 12.90 is the Key resistance level to break – when $VISN turns the middle BB into support a new up trend can begin –

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2110

BULLISH KICKING

Definition

This pattern consists firstly of a black Marubozu and then a white Marubozu. After the black Marubozu, the market opens above the prior session’s opening, forming a gap between the two candlesticks.

Recognition Criteria

1. The market is characterized by a prevailing downtrend.
2. On the first day a black Marubozu (or a black candlestick) is observed.
3. Then we see a white Marubozu (or a white candlestick) on the second day.
4. The second day opens higher with a body gap.

Buy/Stop Loss Levels

The confirmation level is defined as the last close. Prices should cross above this level for confirmation.