Replies to post #19543 on Stevia Corp (STEV)

[ospreyeye]

$STEV Chart - BULLISH ONE WHITE SOLDIER reversal pattern is forming today - EMA's 4 & 8 are the 1st Key levels to close above - when $STEV turns the middle Bollinger Band @ 0.0517 into support a new up trend can begin -

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2111

Definition

This pattern appears in a downtrend and consists of a black candlestick and a white candlestick in which the white candlestick opens above the preceding day’s close and closes above its open. The pattern looks similar to the Bullish Harami pattern. The only difference is that the second day closes higher, which stops the engulfing of the white body by the preceding black body.

Recognition Criteria

1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The white body that is formed on the second day opens higher than the first day’s close and closes higher than the first day’s open.