What are Candle Sticks and Harami Patterns?
I'm learning about penny stocks and saw this page that talked about candle sticks patterns that appear during the trading session
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(SmarTrend(R) Market Surveillance via COMTEX) — SmarTrend’s candlestick pattern scanner has noticed a bearish harami candle pattern for stock shares of Manulife Financial (NYSE:MFC).
Yesterday’s real body is within the former day’s body and may suggest that traders and investors believe that the current uptrend may be coming to an end.
A move lower today would confirm that this is a trend reversal. also, the narrower the red body today, the greater reliability the harami would have.
Yesterday, this company traded almost 1.5 million shares, versus the previous day’s total volume of close to 3.1 million. Smaller volume also is an indicator that the buying momentum may have slowed down.
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I can see why people need to paper trade while they're learning about candle stick patterns. I'm sure I'll learn even more about the different types of patterns in future posts.
SMARTREND'S CANDLESTICK SCANNER DETECTS BEARISH HARAMI PATTERN FOR MANULIFE …
I'm learning about penny stocks and saw this page that talked about candle sticks patterns that appear during the trading session
~~
(SmarTrend(R) Market Surveillance via COMTEX) — SmarTrend’s candlestick pattern scanner has noticed a bearish harami candle pattern for stock shares of Manulife Financial (NYSE:MFC).
Yesterday’s real body is within the former day’s body and may suggest that traders and investors believe that the current uptrend may be coming to an end.
A move lower today would confirm that this is a trend reversal. also, the narrower the red body today, the greater reliability the harami would have.
Yesterday, this company traded almost 1.5 million shares, versus the previous day’s total volume of close to 3.1 million. Smaller volume also is an indicator that the buying momentum may have slowed down.
~~
I can see why people need to paper trade while they're learning about candle stick patterns. I'm sure I'll learn even more about the different types of patterns in future posts.
SMARTREND'S CANDLESTICK SCANNER DETECTS BEARISH HARAMI PATTERN FOR MANULIFE …
