The Tweezers candle pattern consists of two or more candles with matching highs or lows (Tweezers Top and Tweezers Bottom). The name comes from the appearance of their formation, looking similar to a pair of tweezers - and the can occur in a variety of formats - see the illustration below, however their highs or lows will always be the same.
A tweezers pattern should preferrably have the first candle with a long real body - the colour of this will depend on if it is a rising or falling market. The second candle is where the variation can take place as this could be a Hanging Man, a Shooting star, a Harami Cross or a Dark Cloud Cover for a Tweezers top. Or a Hammer, a Harami Cross or a Piercing Pattern for Tweezers bottom. However the one thing they must have is an equal high point for Tweezers top and an equal low point for Tweezers bottom.
As well as being a reversal pattern, Tweezers top and bottom can also be continutation signal. This happens when - say, in the middle of an uptrend you find a Tweezers bottom occuring. The stock/index will 'rest' and consolidate for a while mid way up the trend and in doing this may form a Tweezers bottom. It is at this point that a signal is given to buy into that stock before it starts to resume its upward trend. In other words the Tweezers bottom has formed an intermediate line of support from which the stock/index will bounce upwards.
With a doji there is no (or a very small) real body as it is formed because the buyers could not exert enough bullish pressure to push the price higher than the open, and the sellers could not exert enough bearish pressure to make the price go lower than the open. In essence the doji represents indecision.
Doji come in several varieties as well, there is the standard doji - metioned here, as well as the Gravestone and the Dragonfly Doji, both of which have their individual characteristics.
The doji is often represented as a sign of a turning market. While it is common to see a doji at a market top or bottom, it is not wise to use it alone as a turning signal. Indecision means exactly that, the market is unsure of its future direction - therefore it should only be used as a warning, not a stand-alone signal. If the doji appears at previous support or resistance it is more likely to signal a potential reversal, however it occasionally appears out of the blue, and this should signal caution to the trader - but positions should not be liquidated without further confirmation. A common way to use this signal in an uptrend would be to use a close under the low of the doji to signal a top, and a close above the high of the doji to signal continuation, with the reverse for a downtrend.
alance Sheets (Unaudited) (USD $) Dec. 31, 2013 Mar. 31, 2012 CURRENT ASSETS
Cash
TOTAL ASSETS 0 0 CURRENT LIABILITIES
Accounts payable 101,675 60,675 Advances from related party
Advance 3,438 3,438 TOTAL CURRENT LIABILITIES 105,112 64,113 STOCKHOLDERS' DEFICIT
Common stock, $0.001 par value, Authorized - 400,000,000 common shares, Issued as of December 31, 2013 and March 31, 2013 - 199,447,181 shares 30,649,053 30,649,053 Additional paid-in capital 199,447 199,447 Deficit accumulated during exploration period (30,953,613) (30,912,613) TOTAL STOCKHOLDERS' DEFICIT (105,113) (64,113) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 0 $ 0
Thu, 10 Apr 2014 18:14:36 GMT ~ VIKING MINERALS INC. Files SEC form 8-K, Entry into a Material Definitive Agreement read full: http://biz.yahoo.com/e/140410/vkml8-k.html *********************************************************
Wed, 09 Apr 2014 18:38:45 GMT ~ Viking Minerals Announces Acquisition of Indie Growers Union LLC of Washington State - Viking Minerals Inc. announces on behalf of the Board of Directors that the Company has entered into a binding share exchange agreement, fully executed by all parties, between the unit holders of Indie ... read full: http://finance.yahoo.com/news/viking-minerals-announces-acquisition-indie-183845294.html *********************************************************
Wed, 05 Mar 2014 16:09:58 GMT ~ VIKING MINERALS INC. Files SEC form 8-K, Change in Directors or Principal Officers read full: http://biz.yahoo.com/e/140305/vkml8-k.html *********************************************************
Thu, 30 Jan 2014 18:04:07 GMT ~ VIKING MINERALS INC. Financials read full: http://finance.yahoo.com/q/is?s=vkml *********************************************************
Mon, 27 Jan 2014 18:41:31 GMT ~ VIKING MINERALS INC. Files SEC form 10-Q, Quarterly Report read full: http://biz.yahoo.com/e/140127/vkml10-q.html *********************************************************
##### last known share structure ~ source: otcmarkets.com
Market Value: $3,789,496 a/o Apr 11, 2014 Shares Outstanding: 199,447,181 a/o Jan 25, 2014 Float: Not Available Authorized Shares: Not Available Par Value: 0.001
##### business description ~ source: otcmarkets.com
alance Sheets (Unaudited) (USD $) Dec. 31, 2013 Mar. 31, 2012 CURRENT ASSETS
Cash
TOTAL ASSETS 0 0 CURRENT LIABILITIES
Accounts payable 101,675 60,675 Advances from related party
Advance 3,438 3,438 TOTAL CURRENT LIABILITIES 105,112 64,113 STOCKHOLDERS' DEFICIT
Common stock, $0.001 par value, Authorized - 400,000,000 common shares, Issued as of December 31, 2013 and March 31, 2013 - 199,447,181 shares 30,649,053 30,649,053 Additional paid-in capital 199,447 199,447 Deficit accumulated during exploration period (30,953,613) (30,912,613) TOTAL STOCKHOLDERS' DEFICIT (105,113) (64,113) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 0 $ 0