Tuesday, April 22, 2008

Semb Mar Hanging Man Candlestick Charting Pattern


Shooting star candlestick pattern followed by hanging man. Combination of these 2 candlesticks pattern formed a spinning top which indicates market indecision and slowing momentum as price reaches the upper channel resistance boundary. Immediate resistance is $4.22 the high point of shooting star formation. Immediate support is $4.00 followed by next support at $3.88 . Watch the next candlestick bar for confirmation.

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