Candlestick Charting--The unknown indicator Message Board

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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: John Gault who wrote (1017)	12/21/1997 9:27:00 PM
From: ted birnbaum	Read Replies (1) of 1589

re FPFG: Thursdays candle was a beautiful turn around indicator Fridays candle was the confirmation. The flat trading at the end of the day indicates indecision as which way to go from where it is. I do notice an ever so slight downward trend. I would look for this stock to trade down a bit on monday before hopefully resuming a move upward. Looking back on a weekly chart I see support and resistance right at the 34 mark. It sure looks like it will break and test that mark my guess is that it will do that on Tuesday.

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