Thread: Chip Eng Seng
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Old 04-12-2007, 05:53 PM
SamuelJ SamuelJ is offline
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Ok after today's close with a small white candlestick, here's my analysis. The candle stick analysis states that this is a Bullish Harami.

What is a bullish harami?

A candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. In terms of candlestick colors, the bullish harami is a downtrend of negative-colored (black) candlesticks engulfing a small positive (white) candlestick, giving a sign of a reversal of the downward trend.

Because the bullish harami indicates that the falling trend (bearish trend) may be reversing, it signals that it's a good time to enter into Noe:a long position. The smaller the second (white) candlestick, the more likely the reversal.

Taken from www.investopedia.com

Any comments?

Note: My comments should be taken with a pinch of salt, everyone should conduct their own analysis before buying or selling your security.
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