Replies to post #25865 on Digital Brand Media and Marketing Group Inc (DBMM)

[$oldier Hard]

I agree.
Bullish dragonfly doji candlestick formation occurs when bears loss control over the trend. Market opens with strong sell-off to bring the prices to new low. But bulls take control of the market at closing hours and are managed to close the market at or near the opening price (which is also the high of the day). This reduces bearish sentiment and many short-traders want to cover their short positions on next trading day; marking the start of a new uptrend.