High Performance Beverages Comp. (TBEV)

[ChartMan2DRSQ]

It normally signals an end of a downward trend. Whereas the day belongs to the sellers but the buyers rallied to close where the stock opened, and most of the time it is followed with an uptrend in the stock. Supposed to be somewhat rare, but in the case of sideways trading, it is more common, and holds no true indicator of trend reversal. Although, it does still indicate that the stock dropped to unjustifiable lows and the bulls corrected it.

We have had 4 dragonfly doji's the past 4 days.