Wednesday, June 19, 2013 8:35:27 PM
$AXCG - great day! Today closed with a White Marubozu Candlestick
We move up from here IMO. Solid base formed. MACD bullish cross, RSI still has plenty of room to run. Full STO has room, Slow STO has plenty of room. Accum/Dist line turning UP big time. Trix about to have a bullish cross. Parabolic SAR flipped bullish on 6/17.
White Marubozu Candlestick
Represents extreme bullishness and is characterized by a long white body that has no shadows on either end
Recognition: The body of the candlestick is white and long and has NO shadows
Requirements: The white body should be longer relative to other candlesticks on the chart. Again, NO shadows
What does it mean?: The opening price is the low of the day (LOD) and the closing price is the high of the day (HOD). This indicates that the buyers/bulls controlled the price action from the opening bell to the closing bell. This candlestick is generally bullish, however, its positioning within the chart is also important. It may show a potential turning point and suggest that prices have reached a support level after an extended decline. If after a significant rally, it may point to excessive bullishness, and that prices are at dangerously high levels. Still need confirmation.
We move up from here IMO. Solid base formed. MACD bullish cross, RSI still has plenty of room to run. Full STO has room, Slow STO has plenty of room. Accum/Dist line turning UP big time. Trix about to have a bullish cross. Parabolic SAR flipped bullish on 6/17.
White Marubozu Candlestick
Represents extreme bullishness and is characterized by a long white body that has no shadows on either end
Recognition: The body of the candlestick is white and long and has NO shadows
Requirements: The white body should be longer relative to other candlesticks on the chart. Again, NO shadows
What does it mean?: The opening price is the low of the day (LOD) and the closing price is the high of the day (HOD). This indicates that the buyers/bulls controlled the price action from the opening bell to the closing bell. This candlestick is generally bullish, however, its positioning within the chart is also important. It may show a potential turning point and suggest that prices have reached a support level after an extended decline. If after a significant rally, it may point to excessive bullishness, and that prices are at dangerously high levels. Still need confirmation.
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