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Hyflux Reversal- Spotted with FRYPAN BOTTOM Candle
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Hulumas
Supreme |
25-May-2011 20:23
Yells: "INVEST but not TRADE please!" |
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Is it a good buying opportunity now? |
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novkhan
Member |
10-Mar-2011 15:22
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Known as a FRYPAN BOTTOM which is a reversal sign. which reflects a makret that is bottoming and whose price action forms a concave design and then opens a gap to the upside. This basically proves that the bears are losing a foothold due to the a Rising Gap of the White Candle Stick. Adding on to the confirmation of reversal, there is an increase in trading volume on the day the rising gap is formed.. |
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