Replies to post #5283 on Inelco Corp. (fka INLC)

[JJMM]

Usually a reversal.
The first pair, Hammer and Hanging Man, consists of identical candlesticks with small bodies and long lower shadows. The second pair, Shooting Star and Inverted Hammer, also contains identical candlesticks, except, in this case, they have small bodies and long upper shadows. Only preceding price action and further confirmation determine the bullish or bearish nature of these candlesticks. The Hammer and Inverted Hammer form after a decline and are bullish reversal patterns, while the Shooting Star and Hanging Man form after an advance and are bearish reversal patterns.

Hammer and Hanging Man

[Nilbud]

I would have liked a higher close but I can't complain about the 18.81% gain, the higher low continuing the upward trend.