Replies to post #37692 on PharmaCyte Biotech Inc (PMCB)

[mick]

Bouncer As Projected from first leg/ New Beginning for Second Leg run/\
$PMCB Chart - BULLISH KICKING reversal pattern is forming today -
see here;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115011783

a close above the 100 DMA @ 0.137 & the "T SPOT" would be bullish - when $PMCB turns the 200 DMA @ 0.166 into support it should be the "Bull Signal" -

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

Definition

This pattern consists firstly of a black Marubozu and then a white Marubozu. After the black Marubozu, the market opens above the prior session’s opening, forming a gap between the two candlesticks.

Recognition Criteria

1. The market is characterized by a prevailing downtrend.
2. On the first day a black Marubozu (or a black candlestick) is observed.
3. Then we see a white Marubozu (or a white candlestick) on the second day.
4. The second day opens higher with a body gap.


[-chart]stockcharts.com/c-sc/sc?s=PMCB&p=D&yr=0&mn=3&dy=0&id=p87758409815&a=414278746[/chart]


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http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86130044