ERHC Energy Inc (ERHE)

[farrell90]

Moving up on higher volume should be a sign of growing demand for ERHC shares. It is time to open your check books boys and girls.

For the chart huggers out there we had a WHITE CLOSING MARUBOZU candle stick pattern today.

Definition
This candlestick represents extreme bullishness and it is characterized with a long white body that has a lower shadow but no upper shadow.
Recognition Criteria
1. The body of the candlestick is white and long.
2. There is no upper shadow.
Candlestick Requirements and Flexibility
The white body of the candlestick should be longer relative to the other candlesticks on the chart. It has a shadow on the opening side but no shadow on the closing side.
Trader’s Behavior
A White Closing Marubozu indicates that the buyers controlled the price action from the first trade to the last trade. The day opens and prices go slightly lower forming a lower shadow. This is followed by a rally that drives prices over the opening price, and the rally continues all day ending with a closing price equal to the high of the day. The bulls are very strong during the day...