Replies to post #56934 on Hemp Inc (HEMP)

[ospreyeye]

$HEMP Chart - after 6 red candles BULLISH HARAMI CROSS reversal pattern formed on Thurs. - the 50 DMA @ 0.022 is the Key level to close above & turn into support -

Fast Sto bullish crossover & at oversold levels - RSI @ 40.40 - keep an EYE out for RSI above 50 - MACD is pinched -

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2103

Definition

This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami. The outline again looks like a pregnant woman, as with the Bullish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a black body followed by a Doji that is completely inside the range of the prior black body.