IDX STOCK ANALYSIS

Dragonfly Doji Candlestick Pattern Is Highly Profitable!

noreply@blogger.com (IDXStockAnalysis) — Sun, 23 May 2010 11:46:00 +0000

Author: Ahmad Hassam

A Doji Candlestick Pattern is very easy to spot but it forms rarely when the opening and the closing prices of a security or a currency pair are the same. So there is no stick on the Doji Candlestick Pattern. It is all wicks with no candle body. In essence, a Doji Pattern looks like a cross. There are a few variation to this important pattern. Read this article to know more how profitable this pattern can be.For a Doji to be created, a trading day must begin and end with the same price. A whole lot of trading takes place during the day but when it is all said and done, the security price is right back where it had started in the morning.When a Doji is formed with the opening and the closing prices equal or the same, it is a signal that the battle between the bulls and the bears had beena draw during the trading day. Soon, either the bulls or the bears are going to previal. In other words, a trend reversal is about to take place.A Dragonfly Doji pattern is unique in the sense that the opening, closing and the high prices are all the same or equal. A Dragonfly Doji is formed when the stocks opens, trades down during first part of the day. During some part of the day, the price starts to climb again and eventually closing on the high which is the same as the open.When a Dragonfly Doji is formed, bears initially decide to rule the market. But at some point the bulls step in and decide to buy again. When the bulls step in, they start pushing the price up. As the bulls dominate the trading day, the security price ends up right where it had started.The low of the Dragonfly Doji can be considered a near term support level because it is clear that the buyers stepped in at that level and turned the trend from down to up. Dragonfly Doji is a bullish candlestick pattern.A bearish Gravestone Doji Pattern is formed when the open and close of the day is equal to the low of the day. This is the most bearish of the Doji patterns. A bearish Gravestone Doji pattern signals the start of a prolonged downtrend in the security price.A Doji pattern is very easy to spot on the candlestick chart as there is no body just the wick. Open close and either low or high all three are equal and the candle looks more like a cross. When you spot the Doji, get ready for a trend change in the price action.

Article Source: http://www.articlesbase.com/finance-articles/dragonfly-doji-candlestick-pattern-is-highly-profitable-1940237.html

About the AuthorMr. Ahmad Hassam has done Masters from Harvard. Read this 49 page Quantum Swing Trading FREE Report plus the shocking Profit Button FREE Report that applies no matter what you trade-stocks, forex, futures or options! Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade!

Ascending Triangle Chart Pattern on CTRS

noreply@blogger.com (IDXStockAnalysis) — Tue, 04 May 2010 01:37:00 +0000

Once you have identified the ascending triangle, you have to wait for a breakout. Volume will generally decrease as the pattern is being carved out. It is important to wait until the candlestick closes outside of the pattern on a spike in volume.

Ascending triangle patterns are not 100% accurate, so it is important to place a stop loss.

*For downward breakouts, target = 460; stop loss = 710

*For upward, target= 750; stop loss = 690

Bullish Morning Star Pattern - TMPI

noreply@blogger.com (IDXStockAnalysis) — Mon, 26 Apr 2010 14:05:00 +0000

As you can see from the TMPI chart beside, the red body in a falling market suggesting that the bears are in command.
Then a small real body appears implying the incapacity of sellers to drive the market
lower. The strong green body of third day proves that bulls have taken over. An ideal
Bullish Morning Star Pattern preferably has a gap before and after the middle
candlestick. The second gap is rare, but lack of it does not take away from the power of
this formation.

INCO - Cup and Handle Pattern

noreply@blogger.com (IDXStockAnalysis) — Sun, 25 Apr 2010 12:33:00 +0000

I accidentally discovered another Cup and Handle pattern at INCO.

A few days ago, INCO has passed the handle and is currently trying to break through the neckline (resistance) in 5,100.

If tomorrow (26/04) or a few days ahead successfully penetrate or pass through the neckline, the next target is 8,930.

Cup and Handle Pattern in ELSA

noreply@blogger.com (IDXStockAnalysis) — Sun, 25 Apr 2010 07:29:00 +0000

Cup and Handle pattern is a long term pattern which sometimes can take 2-4 month to form.

Cup and Handle chart pattern occurs during the trend reversal. First, the price is trying to recover — making a rounding bottom. Later the price finds resistance at the previous resistance level. This makes it turn and slope down a bit before it gains enough strength to test that resistance level again. This forms a handle of the cup.

It is rather a visualization trick to draw that cup and a handle, because when the pattern and in particular the neckline of the cup (resistance level) can be clearly seen traders can prepare to enter the market on the break of the neckline. After such break the price tends to rocket up quite quickly.

Once the price breaks above the neckline — traders open Long positions usually after the first price bar had successfully closed above the neckline.

I found Cup and handle pattern in ELSA, to be quite a reliable chart pattern to trade.

AUTO After form Bearish Harami Cross Pattern

noreply@blogger.com (IDXStockAnalysis) — Tue, 20 Apr 2010 17:49:00 +0000

Yesterday (19/04) IDX Stock Analysis detect AUTO forming Bearish Harami Cross Pattern. And on this day (20/04) had broken through resistance at 9.000.

Congratulations to those that already buy today.

ASRI - Bullish Morning Doji Star Pattern

noreply@blogger.com (IDXStockAnalysis) — Tue, 20 Apr 2010 13:36:00 +0000

Bullish Morning Doji Stars has a strong reliability which indicate a possible upward trend. Morning Doji Star formations are characterized by a continuation of a bearish trend followed by a Doji, reflecting uncertainty in the strength of trend.

An upward breakout occurs when price closes above the top of the candle

Resistance = 194
Support = 177

GZCO - Bearish Evening Star

noreply@blogger.com (IDXStockAnalysis) — Sun, 18 Apr 2010 17:54:00 +0000

Notice the second candle. Because the second candle is not a doji , the possibility of a reversal of thin or small.

Sell when prices penetrate support at 415.

Review for INDY

noreply@blogger.com (IDXStockAnalysis) — Sun, 18 Apr 2010 14:54:00 +0000

INDY already exceeded the target symmetrical triangle at 3.050 since 9 / 04 and now form a bearish harami cross candlestick pattern which this pattern has reversed the meaning of the possibility of Downward.

Sell if the next day closing prices penetrate resistance at 2.700.

CTRS in Bullish Morning Doji Star Pattern

noreply@blogger.com (IDXStockAnalysis) — Wed, 14 Apr 2010 14:53:00 +0000

The morning doji star is supposed to act as a bullish reversal.
A breakout occurs when price closes above the top of the candle pattern.

Support = 680
Resistance = 730
Next Trend = Up

Bullish Morning Star Pattern on ASII

noreply@blogger.com (IDXStockAnalysis) — Mon, 12 Apr 2010 15:00:00 +0000

Morning Star is a bottom reversal pattern/bullish reversal pattern. It may be formed at the end of a downtrend or during a pullback within an uptrend or at the support.

The chart beside shows a daily ASII at during a pullback within an uptrend.

Although morning star pattern is a highly reliable one, confirmation is still suggested; which can be a bullish candlestick on fourth trading day.

Symmetrical Triangle Chart Pattern on JSMR

noreply@blogger.com (IDXStockAnalysis) — Sun, 11 Apr 2010 05:44:00 +0000

For Tommorrow (April 12,2010) I offer a rather clear symmetrical triangle pattern on JSMR chart at a daily timeframe.

The bullish breakout is more probable since the symmetrical triangle is a continuation pattern.

Three consecutive days forming a white candle followed by the increase in volume.
The resistance of this triangle has been passed even across the top of this triangle.

The next target is IDR 2,225 for the target of this triangle.

PTBA - Bullish Harami Cross

noreply@blogger.com (IDXStockAnalysis) — Sat, 10 Apr 2010 03:38:00 +0000

PTBA on April 09, 2010, formed Bullish Harami Cross Pattern.

This Bullish Harami Cross, circled in blue, appears as a reversal in a shot term downtrend.
Bullish Harami Cross functions as a bullish reversal of the downtrend when price break out upward.

Voulume on the 2nd day of bullish harami cross pattern is low compare to volume on the 1st day (circled in grey). This indicate that traders are lacking enough information to decide whether to go long or short.

But be carefull!!! A third day confirmation of the reversal is recommended (though not required) to judge that the downtrend has reversed.

Strategy for this pattern:
* Open the buy if price close above the resistance of the pattern in 17,950
* Put a stop loss in 17,250.

BUMI - Symmetrical Triangle in Uptrend

noreply@blogger.com (IDXStockAnalysis) — Thu, 08 Apr 2010 02:43:00 +0000

If today (8/04) or the next day through the breakout in 2,550, predicted that the first target is 3,475 and symmetrical's target is 5,300.

TRUB - Falling Wedge Pattern

noreply@blogger.com (IDXStockAnalysis) — Tue, 06 Apr 2010 14:28:00 +0000

Falling wedges can be either reversal or continuation patterns. When they occur in downtrends they are always reversal patterns.

Volume is key in falling wedge patterns in a downtrend.
But becareful EMA(20) was still below of EMA(50).

If tomorrow (April 7, 2010) the closing price above the breakout line, then the first target is 156.

SOBI After Formed Symmetrical Triangle Pattern

noreply@blogger.com (IDXStockAnalysis) — Sun, 04 Apr 2010 10:28:00 +0000

Since December 19, 2009 SOBI has formed symmetrical triangle pattern, then Feb 24, 2010 through his resistance line at 1.600, ultimately reaching the highest triangle symmetrical price at 1.690 .
On the next day SOBI move through 1.690 and reach the target of symmetrical triangle in 1.830 .
But several days later SOBI failed to resume the uptrend.
and on March 30 forming Bullish Hamer.

The reliability of Bullish Hammer Pattern is low. It requires confirmation of the implied trend reversal by a white candlestick, a large gap up or a higher close on the next trading day.

IDX Stock Analysis: BBNI - Bullish Engulfing

noreply@blogger.com (IDXStockAnalysis) — Sun, 04 Apr 2010 03:45:00 +0000

The bullish engulfing candlestick is a well-known candle pattern composed of two candle lines. The first one is black and the second is a white one that is taller than the prior black candle, engulfing it or overlapping the black candle’s body. The bullish engulfing candlestick acts as a bullish reversal.

The reversal of bullish engulfing candlestick from share of BBNI needs further confirmation on the third day. This confirmation may be in the form of a white candlestick, a large gap up or a higher close
on the third day

INDY - Symmetrical Triangle Pattern

noreply@blogger.com (IDXStockAnalysis) — Fri, 02 Apr 2010 14:29:00 +0000

The Daily chart of INDY beside shows that it made a quick move in end of December of 2009 and then formed a Symmetrical Triangle. Then broke out in the end of March 2010.

Target for this symmetrical triangle pattern is 2,600.

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IDX Stock Analysis: KIAS - Bearish Evening Doji Star

noreply@blogger.com (IDXStockAnalysis) — Wed, 31 Mar 2010 17:30:00 +0000

This evening doji star pattern acts as a bearish reversal of the upward price trend because price rises into the pattern and breaks out downward.
A downward breakout occurs when price closes below the bottom of the candlestick pattern.