Saturday, May 03, 2014 11:27:04 PM
CWIR Chart & TA
CWIR has met the basic requirements for two chart patterns, cup & handle and the flag, both bullish patterns suggesting a strong week for CWIR. Termination of downtrend suggested by Fridays dragonfly doji.
If monday closes above the mid BB, it may confirm a reversal into the rest of the week.
Definition of 'Dragonfly Doji'
A type of candlestick pattern that signals indecision among traders. The pattern is formed when the stock's opening and closing prices are equal and occur at the high of the day. The long lower shadow suggests that the forces of supply and demand are nearing a balance and that the direction of the trend may be nearing a major turning point.
CWIR has met the basic requirements for two chart patterns, cup & handle and the flag, both bullish patterns suggesting a strong week for CWIR. Termination of downtrend suggested by Fridays dragonfly doji.
If monday closes above the mid BB, it may confirm a reversal into the rest of the week.
Definition of 'Dragonfly Doji'
A type of candlestick pattern that signals indecision among traders. The pattern is formed when the stock's opening and closing prices are equal and occur at the high of the day. The long lower shadow suggests that the forces of supply and demand are nearing a balance and that the direction of the trend may be nearing a major turning point.
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