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Registered User
Joined: 12/31/2004
Posts: 57
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Can somebody give me some help on CALM. Is this a bullish candle stick that just formed. Should I start taking profits? Thanks Mikepass
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 Gold Customer
Joined: 11/11/2006
Posts: 359
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Mikepass:
When seeing candlesticks, single candlesticks, I would always wait for confirmation the following day.
The exception is the evening star. This will cause me to leave near the end of the day, when it is evident that this will occur.
The shape of one mans opinion
Mammon
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Registered User
Joined: 4/18/2005
Posts: 4,090
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Ummm... Imo that depends on your time frame. one candle, particularily viewed on a dialy chart, may or may not be signifficant. That is one of the things that irks me about candle stick analysis buying and selling. often the day I'm bought turns out to be a sell signal.. I sell and after a brief period of chop price rallies.
I often check at least a 2 day of the candles, because thsi seems to filter out some of the daily noise.. The thing is we won't know it was a warning sign till later.
I would be inclined to call it a resting day .. you may well get a few more hereish ... possibly a slight slide. In a better market i think they could be viewed as a coming oportunity to add to your position.
If you are trading super tight time frames then move up your stop and accept that price may move up further over the next week or two. If you thin kit will make it to the top of the chanel... let it be.
compromise and move the stop to breakeaven or slightly above.
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Registered User
Joined: 3/25/2005
Posts: 864
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See nearest chart support at 31.75 and the close low to that is 31.52 which occurred on 4/23.
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Registered User
Joined: 3/25/2005
Posts: 864
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QUOTE (memorableproducts) See nearest chart support at 31.75 and the close low to that is 31.52 which occurred on 4/23.
I meant closest
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Registered User
Joined: 10/7/2004
Posts: 2,181
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I'm holding CALM, it's just moving into its power stage; but I'm a swing trader.
When did you enter?
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Registered User
Joined: 12/31/2004
Posts: 57
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On the 15th at about $30, Thanks for your insight everybody!
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