|Bullish Engulfing Pattern|
|Wednesday, 05 October 2011 06:08|
The Bullish Engulfing Pattern is a highly predictive indicator of a reversal in trend from sellers to buyers.Â In my analysis of my universe I found a number of stocks with this pattern and from oversold conditions implying a very high level of probability.
The basic materials sector and financial sector showed the most names with this pattern, CLF, POT, MOS,Â CF, GS, JPM and in tech, BRCM and CTXS.Â Click here to learn how this pattern is created.
I also want to see stocks that have had a positive MACD cross from oversold levels to turbo charge the move.
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