Market & Research Corp. (fka MTRE)

[Roosterdoo]

I think the chart is setting up nicely. ADX is + DI, STOLY's turned up hard, along with the MFI, the RSI 7 is about to poke it's head into the 70 power zone, and looks like the RSI 14 and 21 might break into the 70's. zone as well. The SAR still need to flip, and is close at .45, looking at the 3 Month Daily chart. News would be nice bout now. Fridays candle was a Dragonfly Dogi

"What it Is:
A "dragonfly" doji is the most uncommon candle of the four different types of dojis. As with any doji, the dragonfly depicts a situation in which supply and demand are in equilibrium, thus possibly signaling an important reversal.

It is characterized by having a no or a small real body and a long lower shadow.

How it Works:
During the period of a dragonfly doji, prices will typically open at a high, sell off, and then return to the opening price. Dragonfly doji are fairly unusual, but when they do occur, they often resolve bullishly. "

"A dragonfly forms because when there is early pressure forcing the security down, but then it finds support, and buying pressure pushes the security back up.

As significant as the dragonfly doji is, one should not take action on its message alone. Always wait for confirmation from the next candlestick before taking trading action. "

http://web.streetauthority.com/terms/d/dragonfly.asp