Verry Bullish Candle Pattern On Weekly Chart

Discussion in 'Stocks' started by TOMMYJR9, Feb 11, 2011.

  1. I am looking at (LOCM) weekly candles ,and the last 5 weeks are forming a pattern (bullish) but I don't know it's name. Any help for me ?
  2. Antman_1964, look at the link I posted it's LOCM weekly chart
  3. Antman, it's ok to post on the board, no need to private email me
  4. This is not necessarily that bullish, it actually looks like a fake out to the upside. You can always try since ur risk will be small. I have seen these setups many times and even if they work they will first test the base and stop you out. Also the long wick on top of the last candle isnt truly a sign of great strength.
  5. Pattern looks good to me
  6. I am buying more on Monday look up bullish inverted hammer pattern
  7. This is even better because it comes after a doji candle
    #10     Feb 13, 2011