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Technology Stocks : Micron Only Forum
MU 333.34-1.4%3:59 PM EST
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To: Estimated Prophet who wrote (34033)5/30/1998 11:45:00 AM
From: DavidG  Read Replies (1) of 53903
 
Brian,

A Doji is a symbol in candle stick charting, that oddly enough, results in neither a black candle or a white candle but a "star" or "+". It indicates that on a given day the stock opened and closed at exactly the same value...but during the day moved much higher and lower to create the star effect.

So when it occurs in either an uptrend or downtrend it usually is indicative of a plateau or bottom, respectively, with the following days the stock moving in the opposite direction. It is especially significant when it occurs on a gap up or gap down with better than average volume...but, on a downtrend, one should wait for a white candle the next day for confirmation. Sell stops are usually put in below the star in case of a false upward indication.

DavidG

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