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Monday, June 05, 2006

GNLB - 060506; 15-minute chart

posted by Tom C:

The most active stock on my watchlist today. A very low-priced stock, heavy volume, and a big mover on a down day.



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3 comments:

Anonymous said...

I'm still fairly new to this so I have much to learn... wouldn't your entry bar be a classic hangman- long upper wick from the previous bar followed by a hanging man?

Chuck

Anonymous said...

Actually, it is a pullback from the highs set by the first bar, culminating in a hammer (though it is not a "textbook" hammer).

Anonymous said...

Ah, that makes more sense now.

Thanks Charles,

chuck