Whole Foods Markets Inc is looking like a very strong buy here. We see a rising three methods Japanese Candlestick Pattern, combined with a bullish flag. The three “inside” candles came on diminishing volume, with day 1 and day 5 coming on strong volume. Checking our momentum and trend strength indicators, we see bullish crosses [...]
This is the 9th screen in the series: Japanese Candlestick Trading: Stock Screens for 15 Candlestick Patterns Signal: Bullish Continuation Inbound Trend: Bullish Reliability: 7.1 / 10 Candlestick Pattern definition The rising three methods pattern is a bullish continuation pattern that appears in bearish markets. The pattern consists of 5 candlesticks which must meet the [...]
Adam is at it again. Actually finding stocks that are actually looking bullish Finding the earlier runners, the stocks who begin to recover while the market is clearly in a downtrend is a tough business. However, these stocks could also be a leading indicator of the “news” to come in the next several months. I [...]
Current View – The Day In Review Today the DOW is up 48.03 points, closing at 11782.35. As expected, there wasn’t a catalyst to provide a clear direction in the market. Prices whipsawed through a 200 point trading range, and closed 80 points off of the high for the day. Trade volume was extremely light, [...]
