These are stocks that jump 100%, 200% or more in a span of several days. The top of the pattern is marked by buying exhaustion and the best way to determine the exact top is to look out for the following candlestick patterns: doji, gravestone doji, long-legged doji, shooting stars, dark could covers, and bearish engulfings. All patterns are typically accompanied by the highest volume bar on the entire chart. Entering on the topping day may provide more profit, but it is riskier. The next day is considered the confirmation day in which the stock breaks down. The 2nd option for entry (less risk) is to enter at the very beginning of the breakdown.
Archives of “gravestone doji” tag
rssGravestone Doji kills Glaxo
Great opportunities come to all ,but man do not know they have met them.The only preparation to take advantage of them is simple fidelity to watch what each day brings.
Day Before Yesterday GLAXO formed GraveStone Doji (My favourite since last 18 yrs )
-Just see after hitting a high of 2284.80 with highest volume ever in last 2 years.
-Yesterday our 2nd Message of the day was to Sell this stock at 2145 & remain short.
-Now ,Today it made a low of 2045 & now trading at 2075.
-Just think power of Candle stick formation and its reliability.
101% Story over for this stock.Big slide on card in coming weeks.Investors can offload this stock.I think crash of 30-40% or more on card.
Updated at 11:07/20th May/Baroda