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PENNIEStoSTACKS

11/23/09 9:18 AM

#39866 RE: cyclone101 #39859

POPN a Bullish Engulfing pattern possible. "Witnessing a white bullish candle, engulfing the previous black candle, stands out like a neon sign after a series of black candles. It becomes very plain to see that a change has occurred in investor sentiment. A couple of simple factors make the Bullish Engulfing pattern more convincing. The bigger the previous days candle being engulfed, the more effective the new trend signal will be. Or the lower the open of the white candle, then coming back up to engulf the previous day, the more powerful the next advance should be."




This is the POPN Chart