A Review of PMCS

Posted on Mi 27 Januar 2010 in misc • 1 min read

  • Stocks tags:
  • Candlesticks
  • PMCS
  • Stocks
  • Trading meta: _edit_last: '5' author:

    I wrote about $PMCS back on 1/14/10, the day after it made a nice hammer formation at its 200 DMA.  It made the hammer at the bottom of a trend with very little volume or conviction for me, and I reviewed the weekly chart for additional clues.  At that time I suspected it might test its lower boundary of about $7.94, and it did yesterday.  Too bad I didn't short this one.

    Rules of candlestick formations: Volume is always key indicator of how meaningful the candlestick formation is.