RRL - Finally turning?

Well, just been doing my routine rounds of charts...and yes I am still using the free Pro-Real charts...lol
An interesting candle formation has popped up on Range Resources after a seemingly ever downward grind, I think it is called a "Morning Star" formation, which can signal a trend reversal (bullish)?

www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3101

Anyone take a look and care to comment?

Here is my chart:

picasaweb.google.com/lh/photo/uthTe1QAP-...EZOI?feat=directlink


Thoughts much appreciated.

Ade

AdeMcG wrote: Well, just been doing my routine rounds of charts...and yes I am still using the free Pro-Real charts...lol
An interesting candle formation has popped up on Range Resources after a seemingly ever downward grind, I think it is called a "Morning Star" formation, which can signal a trend reversal (bullish)?

www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3101

Anyone take a look and care to comment?

Here is my chart:

picasaweb.google.com/lh/photo/uthTe1QAP-...EZOI?feat=directlink


Thoughts much appreciated.

Ade

Hi ademcg
on your chart its a morning star.....

on my chart it looks totally different

dl.dropboxusercontent.com/u/4899609/rrs19thjuly.png

if some ones got updata please post chart up as well for comparison.

ahhh, cool that on my chart I was right But Boooooooooooo that my free chart could give me such a different picture to reality, not good that.

Thanks for looking in Remo

Just looked at this one at end of business yesterday and wondered if a pattern was playing out.

The pattern I was thinking of was this:

Morning star:

stockcharts.com/school/doku.php?id=chart...candlestick_bullish_

The morning star consists of three candlesticks:

A long black candlestick.
A small white or black candlestick that gaps below the close of the previous candlestick. This candlestick can also be a doji, in which case the pattern would be a morning doji star.
A long white candlestick.

The black candlestick confirms that the decline remains in force and selling dominates. When the second candlestick gaps down, it provides further evidence of selling pressure. However, the decline ceases or slows significantly after the gap and a small candlestick forms. The small candlestick indicates indecision and a possible reversal of trend. If the small candlestick is a doji, the chances of a reversal increase. The third long white candlestick provides bullish confirmation of the reversal.


I only have free COB Pro Real charts to go on....so if anyone can put up a more "reliable" picture that would be great.

Thoughts ??

Anyone??

oops....linky

plus.google.com/photos/11021777614980907...10217776149809078048

Hi ademcg
Thats not a morning star.
There would be a gap ether side of the candle.
they are a couple of doji



dl.dropboxusercontent.com/u/4899609/rrl20thsept.png