Now we know why EDIG traded for the first 3 seconds at .16

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lake3054

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Now we know why EDIG traded for the first 3 seconds at .16

posted on Mar 31, 2008 03:24PM

SELL-IF

0.1600
+0.0200	+14.29%

Candlestick Analysis

Today’s Candlestick Patterns:
Umbrella
Bearish Dragonfly Doji
Bearish (Doji) Star

Today a Umbrella was formed. The long lower shadow shows the evidence for buying pressure, but the position of low price indicates that plenty of sellers still are around.
For more about this candlestick click here.

Bearish Dragonfly Doji Pattern. This is a bearish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
For more about this pattern click here.

The last two candlesticks formed a Bearish (Doji) Star Pattern . This is a bearish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.

Otherwise EDIG would have painted a long white candlestick.... which would have been VERY bullish.

See how candlesticks (and TA) is painted?

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