Stocks That Are Moving

[manysevens]

Yep, you're the monster- lol

Some TA stuff ...

Last Engulfing Candles: Observations of a Chartist

I've mentioned these before .. and now that I'm looking at two live one's I thought I'd mention it again.

Engulfing candles are candlestick patterns that occur at either end of a trend. If at the bottom, then bullish. If at the top, then bearish. It doesn't matter what color they are.

If the bullish engulfing candle is red, then it is referred to as a 'Last Engulfing Candle' ... same for a white bearish engulfer at the top.

They're tricky ...

Here's Two Examples ... please scroll down for both

Note: I like DPDW here .. but it did lose nearly half it's value after this bearish last engulfing candle - I also like ERFW for more, but it is dipping after the candle formation :(