Replies to post #109476 on Amarantus Bioscience Holdings Inc (AMBS)

[joboggi]

This says there was a death cross. The 50 day MA is below the 200 day MA. Interesting.

regarding a hammer

"After seeing this chart pattern form in the market most traders will wait for the next period to open higher than the close of the previous period to confirm that the buyers are actually in control.

Two additional things that traders will look for to place more significance on the pattern are a long lower wick and an increase in volume for the time period that formed the hammer."

There was not much volume. If this is a reversal then we will be seeing a V bottom after a 60% decline. That is very unlikely.

[shamalam]

Groovy chart
Ambs