Long entry 104.30
There is also an inverse head and shoulders pattern with neckline marked as resistance. Possible stop below C.
No recommendation.
The thrusting candle pattern starts with a down trend/red candle. The next candle is a green candle that opens below the prior close, but closes near the mid point of the prior body. It is not a piercing pattern as the 2nd candle stops stops short of the the mid point of the first candle. The bulls win that trading day. A piercing candle is bullish but closes at or above the mid point of the first red candle (usually above the midpoint) so the piercing pattern is more bullish
This stock was very bullish on its first run up and stayed outside the bollinger bands set of 80 for a long time.
There is also an inverse head and shoulders pattern with neckline marked as resistance. Possible stop below C.
No recommendation.
The thrusting candle pattern starts with a down trend/red candle. The next candle is a green candle that opens below the prior close, but closes near the mid point of the prior body. It is not a piercing pattern as the 2nd candle stops stops short of the the mid point of the first candle. The bulls win that trading day. A piercing candle is bullish but closes at or above the mid point of the first red candle (usually above the midpoint) so the piercing pattern is more bullish
This stock was very bullish on its first run up and stayed outside the bollinger bands set of 80 for a long time.