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Post by peppy on Jun 22, 2015 17:16:36 GMT -5
attachments removed
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Post by mnholdem on Jun 22, 2015 19:16:27 GMT -5
Do you see the Doji? A doji is basically a candlestick with no body, since the day ends at the same price it began. With this doji, which is the dragonfly, the pps drops and forms the tail, but moves back up to form a small head before ending where it began, forming a candlestick that looks somewhat like the dragonfly. This particular doji usually signals a reversal of a downward trend, marking what could be the beginning of an upward movement.
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Post by peppy on Jun 22, 2015 20:46:26 GMT -5
I see a tight consolidation these past 8 trading days with a low of 5.57 and a high of 6.24. A .67 range. Price consolidation is occurring at the .382 retracement of the move $3.50 to $7.30, Price may still have some side ways work to do, this price consolidation has a measured move to 6.67. The 20 day ma crossed over the 200 day ma. A hold of 6.30 takes price out of the wedge.
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