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waxweazle

05/02/06 9:43 AM

#71836 RE: diamondtech #71835

http://www.americanbulls.com/StockPage.asp?CompanyTicker=NEOM&MarketTicker=OTC&TYP=S>

Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.

The last two candlesticks formed a Bullish Engulfing Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.