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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Susan G who wrote (91129)3/31/2000 4:52:00 PM
From: Jenna  Read Replies (1) of 120523
 
OPTK. Great example of bullish HAMMER and Range Expansion Breakout. For a great candlestick chart, please look at OPTK. The first signal it might break out was Wednesday's 'doji' closing (which was why it was on yesterday's watch list). Yesterday's "hammer" close was interesting signal of possible reversal and today it was a bigger and better hammer.. Thursday's chart showed a continuation pattern of lower high and lower low, but the close was near the day's highs. Today was still a lower low but the close and high was much higher signifying a range expansion breakout on much higher volume.
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