Branded Legacy Inc (BLEG)

[Play4keeps2]

Thanks, Merv, great comments. I don't have lots of knowledge re. technical indicators, but went to Investopedia to explore a little.
From what I found, it seems we need one more day like yesterday to form a three white soldiers pattern-very bullish. Keep that buying volume up. Breakout may be coming. Let's go VATE! See discussion below on three white soldiers from Investopedia.

The three white soldiers candlestick pattern suggests a strong change in market sentiment. Without any significant shadows, the market opens slightly lower, the bulls take over the rally all session and close near the high of the day. The pattern may appear during periods of consolidation or following a prolonged downtrend, but the latter represents the most attractive opportunity for traders to take long positions. In addition, the pattern may be preceded by other candlestick patterns suggestive of a reversal, such as a doji.

When trading the three white soldiers pattern, it's important to note that the strong moves higher could create temporary overbought conditions. The relative strength index (RSI), for example, may have moved above 70.0 levels. In some cases, there is a short period of consolidation following the three soldiers pattern, but the short- and intermediate-term bias remains bullish. The significant move higher could also reach key resistance levels where the stock could experience consolidation before continuing to move higher.

For these reasons, traders use the three white soldiers, and other such candlestick patterns, in conjunction with other chart patterns and technical indicators. For example, traders may look for areas of upcoming resistance before initiating a long position or look at the level of volume on the breakout to confirm that there was a high amount of dollar volume transacting. If the pattern occurred on low volume with near-term resistance, traders may wait until there is further confirmation of a breakout to initiate a long position.

Three White Soldiers Example
Example of a three white soldiers candlestick pattern.



Read more: Three White Soldiers https://www.investopedia.com/terms/t/three_white_soldiers.asp#ixzz5Y3D2bp38