Stevia Corp (STEV)

[H.E. Pennypacker]

BONUS - Late Night Friday Chart Analysis...

Now I am sure that the boys on this board may have caused some of the ruckus on the chart today, but... we have a nice EOD candlestick. Let's have a Friday night lesson.

What we have now is a Inverted Hammer Signal

THIS IS A BULLISH TREND REVERSAL

Now chart technicals work if other criteria are met, but since we have some nice things going for us... Things may have setup for a better reversal than previously planned.

Look at this:



Description
The Inverted Hammer is comprised of one candle. It is easily identified by the small body with a shadow at least two times greater than the body. Found at the bottom of a downtrend, this shows evidence that the bulls are stepping in, but the selling is still going on. The color of the small body is not important but the white body has more bullish indications than a black body. A positive day is required the following day to confirm this signal.

Criteria

1. The upper shadow should be at least two times the length of the body. We have 4.5x



2. The real body is at the lower end of the trading range. The color of the body is not important, although a white body should have slightly more bullish implications.

3. There should be no lower shadow, or a very small lower shadow.


Signal Enhancements

1. The longer the upper shadow, the higher the potential of a reversal occurring. Again, we have 4.5x

2. A gap down from the previous day's close sets up for a stronger reversal move. We did not meet this...

3. The day after the inverted hammer signal opens higher. Monday will determine this...

4. Large volume on the day of the inverted hammer signal increases the chances that a blowoff day has occurred. We did not meet this.., but we will see what Monday brings...


Pattern Psychology

After a downtrend has been in effect, the atmosphere is bearish. The price opens and starts to trade higher. The Bulls have stepped in, but they cannot maintain the strength. The existing sellers knock the price back down to the lower end of the trading range. The Bears are still in control. But the next day, the Bulls step in and take the price back up without major resistance from the Bears. (Hmmmm... this sounds familiar from today) If the price maintains strong after the Inverted Hammer day the signal is confirmed.

So... Monday we need to keep this price or move it up... So dry your power or switch positions and drive this UP!!!

This was a refreshing thing to see... Spread the word...

FED UP was also released today too. Let's hope that people see the benefit of stevia after watching it and some investors in the audience are sleepless for the next two days to get to the opening bell!

If we get crop news next week and financials in the following two weeks we should hopefully be good considering the ridiculous sector performance... The best thing about STEV is the quality of what the company is doing. They are not like the other OTCs... its just not.