Easton Pharmaceuticals, Inc. (EAPH)

[Surfjmk]

I think we saw great trading today on low volume... a dragonstick doji marked todays trading which is a very bullish sign. Here is a little info about the candle stick we are seeing:


The Dragonfly Doji is a significant bullish reversal candlestick pattern that mainly occurs at the bottom of downtrends.
dragon fly doji candlestick chart pattern

The Dragonfly Doji is created when the open, high, and close are the same or about the same price (Where the open, high, and close are exactly the same price is quite rare). The most important part of the Dragonfly Doji is the long lower shadow.

The long lower shadow implies that the market tested to find where demand was located and found it. Bears were able to press prices downward, but an area of support was found at the low of the day and buying pressure was able to push prices back up to the opening price. Thus, the bearish advance downward was entirely rejected by the bulls.

For more info and helpful pictures check out the source:

http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Dragonfly%20Doji.html