My CYBR got some orgasm this morning, down by 6.9%, almost hit my stops. A bearish engulfing candle was form, but one of the criteria for this pattern is high volume, good signs for the Bulls, volume this morning was the smallest during this run up, meaning, not so much buyers and not so much sellers. fundies still intact. Or sell some profits, especially if you are 100% up. Foreign buyer ATR bought it at 1.39 to 1.41.
Just do not forget your stops.
From American Candle sticker "A bearish reversal is more possible if there is heavy volume on the second real body or if the second day of the Bearish Engulfing Pattern engulfs more than one real body."
1 comment:
smell something nice in the air
Post a Comment