A look at some favorite stocks and their candlestick charts.
IMAX reaching an attractive buy point?
The last two candlesticks formed a Bullish Harami Pattern...
Chart: IMAX
BIDU middling about lately. Today's White Candlestick was nice, but isn't particularly bullish. I'm holding my small position.
Chart: BIDU
AAPL has what looks to me like a Bullish Harami Pattern. American Bulls called for a buy during today's session.
Chart: AAPL
Citigroup is in a rut. Solid support at 4.30, had a nice run to 4.55 before the bad news (potential criminal charges) hit Goldman Sachs last week. Now at 4.41, it actually hit 4.48 intraday before selling off.
American Bulls calls it a hold.
ABK? Charts don't get any goofier than this. Does it belong under a buck? Is 3 justified? Today's bullet move up on the NYSE news pushed ABK to 1.78 intraday (from Friday's 1.31 close). Didn't quite pull back all the way to Fibonacci retracement levels in afterhours; ABK lowered to 1.61, short of the 1.60 (38.2%) level. Close enough?
American Bulls is calling the chart a Bullish Engulfing Pattern.
Chart: ABK
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