Replies to post #7654 on Alkaline Water Comp Inc (WTER)

[BBRD]

hammer time?
- the pattern forming over the last several weeks is value I need to see, makes me wonder whats on the horizon when i see this. 2 candlestick hammers already, http://stockcharts.com/h-sc/ui?s=WTER&p=D&yr=0&mn=4&dy=0&id=p74129052879

Hammers are formed after declines are over in a majority of the time

When confirmed they become powerful reversal signals, especially the hammer. The expression "hammers out a bottom" refers to when after the open, the downtrend in a stock continues, until at some point, enough buying interest is generated, to bring prices close to where they open. Confirmation comes from a bullish engulfing, showing the trader that the up trend is established. The color of the hanging man/hammer is unimportant, but some consider white hammers and black hanging man's more potent reversal signals.
http://www.stockta.com/cgi-bin/school.pl?page=candle#term

- the WTER is about to boil from something am thinking