Candlestick analysis in Heineken chart


Stock: 3255 Heineken
Chart: Daily
Period: June - July 2018

Hanging Man appears on June 7, indicating an end to the bullish trend . This is further confirmed with the next day red candlestick close which is lower than the Hanging Man close. Trend then changed to bearish until June 26, which a hammer appeared. This indicates an end to the bearish trend . The bullish confirmation is given when the next day's green candlestick closed higher than the bullish hammer .

If you've long right after the hammer you would have profited handsomely.


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