Even though it is a highly reliable pattern, confirmation is still suggested which can be a bearish candlestick or gap on fourth day.
A downward breakout occurs when price closes below the bottom of the candlestick pattern.
Best Regards,
NIKL Stock Analysis: Now Forming Morning Doji Star Pattern
NIKL, a few days ago, formed bearish dark cloud cover where the candle on the third day confirmed that the failure of the patterns and broken through resistance at 295 and eventually form a pattern of bullish morning doji star.
Although morning doji star pattern is a highly reliable one, confirmation is still suggested; which can be a bullish candlestick on fourth trading day.
Best Regards,
Although morning doji star pattern is a highly reliable one, confirmation is still suggested; which can be a bullish candlestick on fourth trading day.
Best Regards,
Labels:
Candlestick Patterns,
NIKL
PTBA Stock Analysis: Bearish Dark Clod Cover
Analisa Saham BEI has detected a bearish Dark Cloud Cover candle pattern for shares of PTBA.
Friday, the stock gapped up, and then on Monday formed Bearish Dark Cloud Cover Pattern.
Confirmation:
When price closes below the lowest low in the dark cloud cover. Thereafter, price trends lower in a comparatively smooth move downward.
Best Regards,
Friday, the stock gapped up, and then on Monday formed Bearish Dark Cloud Cover Pattern.
Confirmation:
When price closes below the lowest low in the dark cloud cover. Thereafter, price trends lower in a comparatively smooth move downward.
Best Regards,
Stock Analysis TIRT - Bearish Dark Cloud Cover Pattern
The historical chart of TIRT beside -- from December 7th, 2009 -- provides us with a good example of a dark cloud cover candle.
The change from bullish to bearish occurs in just one candle. It also represents a trend change from up to down when price breaks out downward. That happens when price closes below the lowest low in the dark cloud cover. Thereafter, price trends lower in a comparatively smooth move downward.
While the Dark Cloud Cover is not as potent a reversal candle as bearish engulfing, its appearance in the chart should be respected. Look for other indicators, such as bearish momentum divergence, to confirm the message that this candle communicates.
Best Regards,
The change from bullish to bearish occurs in just one candle. It also represents a trend change from up to down when price breaks out downward. That happens when price closes below the lowest low in the dark cloud cover. Thereafter, price trends lower in a comparatively smooth move downward.
While the Dark Cloud Cover is not as potent a reversal candle as bearish engulfing, its appearance in the chart should be respected. Look for other indicators, such as bearish momentum divergence, to confirm the message that this candle communicates.
Best Regards,
Stock Analysis BBNI: Ready to Fly Higher...
Stock Analysis BBRI: Breakout The Handle
Stock Analysis ASRI - Bearish Evening Doji Star
Candle theory says that the evening doji star pattern should act as a bearish reversal of the upward price trend. A downward breakout occurs when price closes below the bottom of the candlestick pattern.
Even though it is a highly reliable pattern, confirmation is stil suggested which can be a bearish candlestick or gap on 4th day.
Best Regards,
Even though it is a highly reliable pattern, confirmation is stil suggested which can be a bearish candlestick or gap on 4th day.
Best Regards,
INDF Has Formed An Up Channel Pattern
Stock Analysis BBNI - Falling Wedge
Stock Analysis SGRO: To Downtrend
Wait until the candlestick closes below the previous candlestick's opening price before entering your trade.
Sometimes the next candlestick or two will trade a little higher before moving downward. As long as these candlesticks do not close higher than the engulfing candlestick, then the pattern is still in play.
Instead, watch out for support levels, and wait for a reversal to form before exiting your position.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Stock Analysis DOID: Double Bottom and Bullish Hammer
The signal to buy is given when the confirmation line is penetrated to the upside. The confirmation line is drawn across the top of the double bottom pattern (see chart beside).
The reliability of Bullish Hammer Pattern is low. It requires confirmation of the implied trend reversal by a white candlestick, a large gap up or a higher close on the next trading day.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
The reliability of Bullish Hammer Pattern is low. It requires confirmation of the implied trend reversal by a white candlestick, a large gap up or a higher close on the next trading day.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Labels:
Candlestick Patterns,
Chart Patterns,
DOID
Stock Analysis BNBR
Stock Analysis UNSP
Review for INDF
Stock Analysis: SGRO(2) - Symmetrical Triangle in Uptrend
This stock preceded by an upward trend, look for a break above the descending resistance line.
The pattern complate when the price breaks out of the triangle. Look for an increase in volume in the direction of the breakout.
If breakout resistance line, target is IDR 3,100.
Stop loss = IDR 2,600.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
The pattern complate when the price breaks out of the triangle. Look for an increase in volume in the direction of the breakout.
If breakout resistance line, target is IDR 3,100.
Stop loss = IDR 2,600.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Stock Analysis: UNTR - Bearish Engulfing Pattern
Beware of the bearish engulfing candle which acts as is the reversal of the upward price trend. The bearish engulfing candle reverses thet trend, but only for a short time.
Breaks out to the downward when price closes below the bottom of the candle pattern first (< IDR 16,700).
Support - Resistance = 16,550 - 17,500.
Target = 16,525 (Fibo 38.2%).
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Breaks out to the downward when price closes below the bottom of the candle pattern first (< IDR 16,700).
Support - Resistance = 16,550 - 17,500.
Target = 16,525 (Fibo 38.2%).
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
DOID Stock Analysis: Bearish Morning Doji Star
Next Trend: bearish
Type: Reversal
Reliability: Strong
The bearishness of doji star created on the 1st two days is confirmed with the 3rd day.
A downward breakout occurs when price closes below the bottom of the candlestick pattern (< IDR 1,480).
Best Regards,
Canon Digital Rebel XS 10.1MP Digital SLR Camera (Black) + Canon EF-S 18-55mm IS Lens + Spare LP-E5 Battery + 4GB Card + Gadget Bag
Type: Reversal
Reliability: Strong
The bearishness of doji star created on the 1st two days is confirmed with the 3rd day.
A downward breakout occurs when price closes below the bottom of the candlestick pattern (< IDR 1,480).
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Canon Digital Rebel XS 10.1MP Digital SLR Camera (Black) + Canon EF-S 18-55mm IS Lens + Spare LP-E5 Battery + 4GB Card + Gadget Bag
Stock Analysis: LSIP Has Formed Bearish Shooting Star (Part-4)
Because this formation has reliability weak or low, a confirmation on the third day is required to be sure that the uptrend has reversed.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Labels:
Candlestick Patterns,
LSIP
Stock Analysis: NIKL Forming Bearish Dark Cloud Cover
Do not to rush to sell. Wait for closing price today to confirm sell. If the closing price below EMA(20) then sell. If it doesn't, let profit be yours.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Labels:
Candlestick Patterns,
NIKL
COWL After Forming Bearish Dark Cloud Cover
After forming Bearish Dark Cloud Cover and candlestick#4 shows that the closing price of COWL below EMA(20) as a confirmation that the tren will be down.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Labels:
Candlestick Patterns,
COWL
Stock Analysis TINS (2): Go Long At Breakout Above The Neckline !!!
An Inverted Head and Shoulders is a reversal pattern consisting of three lows with the Head represented as central low being the lowest peak of the pattern and the flanking peaks as the shoulders.
The Inverted Head and Shoulders pattern is not complete and the downtrend is not reversed until neckline resistance is broken.
If this stock breakout the neckline go long and the target is IDR 2,550 - IDR 2,600, if not stop loss at IDR 2,025.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
The Inverted Head and Shoulders pattern is not complete and the downtrend is not reversed until neckline resistance is broken.
If this stock breakout the neckline go long and the target is IDR 2,550 - IDR 2,600, if not stop loss at IDR 2,025.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Stock Analysis LSIP (3): Bullish Morning Star
After declining from above IDR 9,150 to below IDR 8,800, now LSIP forming a morning star and these are strong reversal pattern and do not require further bullish confirmation beyond the long white candle on the third day.
Next Target is IDR 9,150.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Next Target is IDR 9,150.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Falling Wedge for LPKR
This stock formed a falling wedge pattern during its downtrend which led to an upside reversal and very reliable trading low. The pattern confirms as a valid one when price closes (IDR 530 on March 5, 2010), outside one of trendlines (i.e resistance line).
Next Target is IDR 570.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
Next Target is IDR 570.
Best Regards,
Analisa saham Indonesia | Saham Indonesia | Stock Analysis
ANTM after Breaks The Resistance Line of Falling Wedge
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