Breakout Trend Investing

Discussion in 'Investing' started by robertbanking, Feb 1, 2025.

  1. robertbanking

    robertbanking New Member

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    Hello you very wonderful and intelligent individuals that make up this forum. I hope you have had an excellent start to 2025 and that everything is going well for you.

    I was kindly reviewing alot of micro cap stocks and before a large breakout, there appears to be various candlesticks that i am not familiar with. I have kindly enclosed an image to this post and these can be seen in a light blue square. They appear to be a large red line vertical with a red line through it going horizontal which makes it look like a cross symbol. Can i kindly please ask what these candlesticks mean and do they indicate a reversal please? If anyone kindly had any thoughts on this i would be forever grateful and thankful it would mean the world to me.

    Thank you ever so much for any support you can give. Sending you lots of good wishes and i truly hope you have a wonderful year and a happy and amazing life. Enjoy the rest of your weekend. With my every best wishes to you.

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  2. Money123

    Money123 Active Member

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    I don't know what candlesticks called but it shows sellers dried up on a leg up.
     
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  3. Rayak

    Rayak Active Member

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    I am not an expert on candlesticks by any means, but it looks to me as if that just shows a period of slightly increased price volatility and volume before the actual breakout. Started bubbling a bit, before it popped.
     
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