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Is this the bottom of a drop?

 
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roniwu



Joined: 25 Aug 2007
Posts: 5

PostPosted: Fri Nov 02, 2007 4:30 am    Post subject: Is this the bottom of a drop? Reply with quote

Hi All,

I am sorry i don't know how to post the picture of the candlestick chart,
i will try my best to describe the chart situation

The stock price has been dropping three day in a row then it forms a hammer like formation (Open 141.5, High 142, Low 135, Close 138), Second day it forms like a doji ( Open 138, High 139, Low 135, Close 138), Two straight days the low was 135 making a tweezer bottom, but the third day (Open136, High 139, Low 130, Close 137), the high was 139 same as yesterday is this a tweezer top? the day end like a hammer with a long shadow...Can someone help me with this problem if this is a bottom formation or just a beginning of another drop.
Thanks..
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