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DRDGOLD Ltd. Message Board

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  • strawman572000 strawman572000 Feb 9, 2004 8:10 PM Flag

    Rice Peddler

    I see Thurs., full body; Fri., hammer; todays doji star in DROOY chart. Without being called a basher on DROOY, here's a link that answers your own question, if you really want to know or if you are just trying to be cute!Buyer beware.
    http://www.investopedia.com/university/technical/technical3.asp

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    • Thanks for the link strawman. Near as I can tell, the candle pattern that has occured on Drooy and 3 other charts that I follow, most likely indicates at least a short term trend change.

      I read several sites interpretations, it would seem that a long up day candle followed by a dark hanging man is rated neutral to down. At least one site indicated that this is a fairly rare setup, though I'm seeing identical formations on 4 charts. It has cost me thousands to become educated in trading. I guess a couple of days from now I'll know exactly what that formation meant. As they say, successful trading can't be taught, it must be learned.

      Thanks for your reply.

      Cheers