This is a retrospective look at HL ie I wasn't looking at it at the time. I had been bearish the last time I looked a year or so ago and clearly the stock has done well.I wanted to look at the candles and see what signals it gave. The "elephant bar" concept comes from Oliver Velez and refers to a large candle that suggests heavy institutional buying or selling and is used to enter with a stop below the low of the candle (or above the high)
We have hit 10 (psychological profit take level) and formed a bearish engulfing candle so watch for a pullback toward the 20 ?
HL is a financial intermediary in the UK that sells funds and ISA's to individual investors
We have hit 10 (psychological profit take level) and formed a bearish engulfing candle so watch for a pullback toward the 20 ?
HL is a financial intermediary in the UK that sells funds and ISA's to individual investors
No comments:
Post a Comment