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PEN - Peninsula Energy

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But this one was a bearish cross too?



imo you're relying wayyy too much on low prob 1 day signals. There are better ways to be bearish on a stock.
 
Chalea said:
Today's Bearish Harami Cross, broken RSI trendline and largest red volume in at least 6 months indicates to me that the shark has been jumped...
Click to expand...
"Definition of 'Harami Cross'

A trend indicated by a large candlestick followed by a doji that is located within the top and bottom of the candlestick's body. This indicates that the previous trend is about to reverse.

A Harami cross can be either bullish or bearish, depending on the previous trend. The appearance of a Harami Cross, rather than a smaller body, increases the likelihood that the trend will reverse."

Link

"This pattern is a reversal signal only if it follows an up trend. It should be ignored if does not occur after an up trend.
This is a distinctive form of the bearish Harami. The second candlestick is a doji, which gives it more importance. It is usually a major reversal signal."

Link



 
skyQuake said:
imo you're relying wayyy too much on low prob 1 day signals. There are better ways to be bearish on a stock.
Click to expand...

It doesn't matter to Chalea as she's not placing trades based on her analysis like others do!



Now check out what they say about a Bearish Harami Cross on this well known pattern site.
 


Gap down tomorrow Chalea? For once you have given a specific timeline, and I will hold you to that given your confidence. You might as well inform us whether you think that supposed gap will fill any time soon, if it does occur.
 
Ubershrewd said:
Gap down tomorrow Chalea? For once you have given a specific timeline, and I will hold you to that given your confidence. You might as well inform us whether you think that supposed gap will fill any time soon, if it does occur.
Click to expand...

Oh dear............the gap down was this morning...
 
Chalea said:
Oh dear............the gap down was this morning...
Click to expand...

Really Chalea? Would that sell-off have occurred without the bad news? Can you predict tomorrow's opening then? BEFORE it actually happens, instead of gloating afterward and picking out one of many readied-up explanations you have at your disposal?
 
Ubershrewd said:
Really Chalea? Would that sell-off have occurred without the bad news? Can you predict tomorrow's opening then? BEFORE it actually happens, instead of gloating afterward and picking out one of many readied-up explanations you have at your disposal?
Click to expand...
What bad news?
No gloat here ever, I'm the only one posting non fence-straddling charts here before the fact...:bananasmi
 
Inside day as expected.
Good day for PEN.
Play as all inside days.
 
tech/a said:
Play as all inside days.
Click to expand...

"Definition of 'Inside Day'
A candlestick formation that occurs when the entire daily price range for a given security falls within the price range of the previous day. Inside day often refers to all versions of the harami pattern and can be very useful for spotting changes in the direction of a trend.

Investopedia explains 'Inside Day'
An inside day is often used to signal indecision because neither the bulls nor the bears are able to send the price beyond the range of the previous day. If an inside day is found at the end of a prolonged downtrend and is located near a level of support, it can be used to signal a bullish shift in trend. Conversely, an inside day found near the end of a prolonged uptrend may suggest that the rally is getting exhausted and is likely to reverse."

Link

Sell???
 
Took note of Techs stop, however hung on because it hadn't moved out of the inside (Techs prophetic topic for the weekend) and expecting a bit of a bounce in internationals tonight so thought it could have at least one more day in it to help me make a century!!:guitar:

Thanks for the update Tech it's appreciated.
 
Chalea said:
Candle's bigger this time, shadow's shorter and sell off volume's 4 times greater...
Click to expand...


sell off volume's 4 times greater...?? don't think so, have a look at todays 5 minute chart , nearly all the volume was on the open and as you can see was bought up from the off, never mind..!

Stop to 0.63 cents now, so unless it jumps locking in 100 %

 

Guess if you spin black enough you'll get white if you're looking through rose coloured glasses...

PEN closed down 5%, so it was sold off.
Volume was near 40 million, that's four times more than the previous bearish Harami Cross.



:bananasmi
 

But it wasn't selling volume, it was buying volume, when it's bought up from open that's the way I see it... !
Your bearish Harami didn't have much effect before, why do you think it'll be different this time, not that it matters to me, have stop in place so it can do as it likes, .

So are you shorting it yet Chalea ?

Remember----Patterns don't always repeat exactly..!
 
namrog said:
But it wasn't selling volume,it was buying volume, when it's bought up from open that's the way I see it... !
Click to expand...

Really?

So if it opens today @ 90c but closes @ 89c you'd regard the day as negative?

Unbelievable...
 
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