InvestorsHub Logo
icon url

Hacktheripper

07/16/06 1:31 PM

#486425 RE: shebop #486419

The candle formation could be considered a Harami (bullish formation) a two candlestick pattern in which a small real body holds within the prior session's unusually large real body. The harami implies that the preceding trend is getting ready to conclude.

OR

a Thrusting Line (bullish formation) Thrusting Line (Bullish)--a green candlestick which closes in the prior red's real body, but still below the middle of the prior session's real body.

Candle Formations
http://www.candlestickshop.com/glossary/

That is why I posted it and set my alerts, definately on watch for next week.

It appears this could almost be considered a channel play. Tops are in a narrow price range and so are the bottoms.