NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

re: candlesticks

From LitWick charting, which I subscribe to, we did indeed form a three outside up pattern at the close yesterday.

Three Outside Up Bullish

Pattern: Reversal
Trend: Bullish
Reliability: High

How to Identify it

A bullish Engulfing pattern occurs in the first two days
The third day is a white day with a higher close than the second day
What it Means

This pattern is a more reliable addition to the standard Engulfing pattern. The third day is confirmation of the bullish trend reversal.


jonesie