Inside this article you will find the companies that showed one of the most important candlestick pattern today: Key Buy Pattern.
What is a Candlestick Pattern?
A candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement.
Key Buy Pattern
The Key Buy Pattern is a simple configuration to continue a consolidated positive trend. It is composed by:
- Strong positive trend
- Momentary break formed by 3 candles with decreasing maximums
- Attempt to resume the main positive trend through a positive candle that breaks the maximum of the previous candle (stop-loss placed under this candle)
After breaking the third candle high, the price should follow to the main positive trend.
None of the patterns below guarantee success because there may be false breakouts. The purpose of this analysis is purely informative.
Today’s Key Buy Patterns
Netflix Inc (NFLX)
BiliBili Inc (BILI)
Iridium Communications Inc (IRDM)
Teva Pharmaceutical (TEVA)
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This analysis shows the Key Buy patterns of the Day. If you are interested in the best rebound patterns, the best breakout patterns or the best companies that follow the “Buy High, Sell Higher” (or Buy the Dip) theory click here.
If you are interested in a overall analysis of companies taking into account different types of data (including business growth, analysts expectations and transactions by Hedge Funds / Insiders), summarizing all information in a score, I’ m waiting for you here for my Score-Card analysis.
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*Charts by tradingview.com
DISCLAIMER: The information in this blog post represents my own analysis/opinions and does not contain a recommendation for any particular security or investment. Stocks trading involves substantial risk of loss and is not suitable for every investor. Trade responsibly.