DOW 1.03% $5.75 downer edi limited

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    10 years ago I had to pay $150 for a copy of Steve Nison's 'Japanese Candlestick Charting Techniques'. Today there are so many candlestick charting techniques websites available for free. 10 years ago I didn't see so many people quoting candlestick charting techniques. Now so many quote and misquote them without explaining the psychology of the quoted candle.

    About a year ago I was holding and watching another stock that exhibited similar behaviour. It recovered from a horrible decline that lasted a few months. But on it's way up we saw a nice big white candle one day followed by a gravestone doji the next day and there were quite a few people calling for a reversal. Instead it opened with a gap up the next day and made another significant run up.

    Caution is always prudent, but at this point on the chart citing the dragonfly doji as reason for a 'high probability' of a trend reversal is imo not justified.

 
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$5.75
Change
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$5.81 $5.82 $5.75 $4.730M 820.8K

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No. Vol. Price($)
4 14315 $5.75
 

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Price($) Vol. No.
$5.77 2637 2
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
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