Replies to post #482 on Rada Electronics Industries Inc. (RADA)

[ospreyeye]

$RADA chart - BULLISH MORNING STAR reversal pattern formed today - $RADA held 50 & 100 DMA support - 2.90 $Key level to break w/ a close above - RSI & Fast Sto are both in the Above 50 Bull Zone -

Definition

This is a three-candlestick pattern signaling a major bottom reversal. It is composed of a black candlestick followed by a short candlestick, which characteristically gaps down to form a Star. Then we have a third white candlestick whose closing is well into the first session’s black body. This is a meaningful bottom pattern.

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2110