Diversified Oil and Gas Holdings (DVFI)

[Imperial Whazoo]

Another support for the theory
that the near term will be up is the fact that the last two candles constitute a "Piercing Pattern". Two details detract. (1) the piercing is a reversal pattern. In that the present trend is a consolidation, the piercing may not apply. (2) the piercing needs to close above the 50% line of the prior day's black candle, which is not the case here because it actually closed exactly at the 50% line of the prior day's black candle body.

Frankly, I'm of the opinion it is a piercing, but you can make up your own minds.

ImperialWhazoo