Tuesday, October 23, 2012

Cautious for VMC

Yesterday I have seen the price of VMC broke its previous support level. I was so cautious for VMC since I have some shares in this stock. If the price fall to 1.10 level, it's time for me to say goodbye. But the price remain strong it even form a DOJI candlestick formation.

"The Doji is a powerful Candlestick formation, signifying indecision between bulls and bears. A Doji is quite often found at the bottom and top of trends and thus is considered as a sign of possible reversal of price direction, but the Doji can be viewed as a continuation pattern as well."

 RSI also shows a possitive outlook for this stock. Notice the pattern I showed in the image. Is it time for VMC to rise and shine? Let's see!

No comments:

Post a Comment