InvestorsHub Logo
Followers 1
Posts 268
Boards Moderated 0
Alias Born 12/01/2009

Re: None

Monday, 04/26/2010 5:28:22 PM

Monday, April 26, 2010 5:28:22 PM

Post# of 84953
A reseveral may be coming. Looks like a Dark cloud cover took place today.

Dark Cloud Cover

The dark cloud cover pattern is made up of two candlesticks; the first is white and the second black. Both candlesticks should have fairly large bodies and the shadows are usually small or nonexistent, though not necessarily. The black candlestick must open above the previous close and close below the midpoint of the white candlestick's body. A close above the midpoint might qualify as a reversal, but would not be considered as bearish.

Just as with the bearish engulfing pattern, residual buying pressure forces prices higher on the open, creating an opening gap above the white candlestick's body. However, sellers step in after the strong open and push prices lower. The intensity of the selling drives prices below the midpoint of the white candlestick's body. Further weakness is required for bearish confirmation of this reversal pattern.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MRNJ News