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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?


To: Dana Johnson who wrote (2845)10/13/1999 9:13:00 AM
From: Sam Quentin  Respond to of 4443
 
Hi Dana,

If you look at the candlestick pattern for ASTN it doesn't look bad. On Oct 11, there was a very bullish formation -Three Outside Up Bullish
Pattern: Reversal
Trend: Bullish
Reliability: High

A bullish Engulfing pattern occurs in the first two days
The third day is a white day with a higher close than the second day. What it Means - This pattern is a more reliable addition to the standard Engulfing pattern. The third day is confirmation of the bullish trend reversal. The Engulfing pattern was on Oct 8 and was a moderate bullish pattern.

Also if you look at the volume, there are very few sellers.

All IMHO,

Regards,
Sam