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To: Tom Doughty who wrote (29906)12/12/1997 11:54:00 AM
From: Galirayo  Read Replies (1) | Respond to of 31386
 
[ WSTL Candles ] Hi, Tom.

WSTL had a good chance at a Reversal Candle Pattern today. It was a possible Morning Star Pattern. Yesterday was a Doji.

But this morning it Gapped Up to open at 15.25. In order for it to confirm this pattern with a White Candle now it will have to close above that.

Right now as it trades near 14 5/8 it's showing a Black Candle. Which should mean it's a Continuation Pattern.

There is tremendous Resistance on the Downward moving Moving Averages and WSTL is having a tough time just getting thru the 5DMA.

iqc.com

chart1.bigcharts.com

chart1.bigcharts.com

I'm still looking for a possible Double Botton near 14.00. It was close to that yesterday.

Ray