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Non-Tech : Amati investors -- Ignore unavailable to you. Want to Upgrade?


To: Trey McAtee who wrote (29336)11/24/1997 11:26:00 PM
From: Galirayo  Read Replies (2) | Respond to of 31386
 
[ WSTL Chat ] Hi, Trey.

That candle it did today qualifies as an Inverted White Hammer. There are a lot of candle patterns that breakdown to a Hammer or a Takuri Line. They are a good reversal indicator.

I should have pulled WSTL on this scan today.
techstocks.com

The only thing that may have kicked it is the PE setting I'm using in the scan. I'll have to check my scan now.

Anyway the possibility of a short term uptrend starting tomorrow is pretty good. A confirming white candle is needed tomorrow.

The problem is if it does go up it may find resistance on one of down moving DMA's. I'll guess before or near 18.50 to 18.75. The location of resistance will change daily as the MAs I'm looking at are down moving.
The 200DMA will also be resistance near 18.50.

Money Flow is really drained so I don't expect a Big move but it could do a little upward dance. It will need confirmation tomorrow.

Just my Guess. Pass the Glen.

Ray