Chartsview blog
General trading and all to do with financial markets
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remo
Been trading the markets for more than 20 years and learnt the hard way to trade.
This is an update to the Interesting Chart section on www.chartsview.co.uk, this section is updated every week and provides shares that have great potential for the coming weeks. In this blog I will be looking at how well these tips have done by showing you the before and after picture.
The interesting chart section needs to be looked at on a regular basis as some times the companies that have been put up only move or brake out a few weeks later. It can be hard to go through all the charts but for people that have MetaStock or any other professional charting package it would be easier to keep track, as you would just have to save them on to your charting package and view them daily.
Here goes....
18th March 2013
DOM.L
BEFORE This is the chart of Domino's when I mentioned this:
AFTER: This has moved 40 points...
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Marubozu candlestick pattern on the dow. This is quite a rare pattern on the dow jones industrial.This shows that the bears are in charge and bigger falls maybe about to come.Go away in april and come back in october may be true this year.A good entry based on this pattern is if the price comes half way up the Marubozu in this case to 14731(this is th 50% point of the Marubuzu) then short with stops above preferably.Caution on new longs as this could be the signal for a top. Obviously if the price goes back above the Marubozu then its void.
Marubozu candle has a long black body(red in my chart) and has no upper or lower shadows. This pattern indicates that the sellers are in charge and is pretty bearish pattern.
Ive noticed a lot of the time prices come back half way up a Marubozu and...
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