[Guest]

I've just recently began reading this forum and the other information on this website and am trying to learn the Candlestick patterns.

I was hoping the members here could post comments on the chart of Q. Today's opened lower than Friday's close and the trading seems to have engulfed yesterday's trading. The stock has been on a downward slide for 2 months and is currently trading in oversold territory.

Would just like to hear if this is a solid chart and what your opinions are on it for a trade?

[candlestick1]

Qwest for a bullish engulfing signal today on relatively strong volume
would be a buyer on strength tomorrow, anything above the $3.82 level.
Stochastics, although not in the oversold area, are still in an uptrend.