Sunday, January 27, 2008

NRCP weeky - hammer

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NRCP weekly formed a black candle with lower high and lower low.

NRCP weekly seems to have formed a bullish hammer. This reversal pattern would be confirmed by NRCP if it manages to form higher lows in the succeeding weeks.

Note: June 2007, NRCP weekly respected the bullish hammer formed and NRCP weekly was able to achieve a new all time high following the said reversal pattern.

I hope NRCP weekly again respects the bullish hammer reversal :)

Good luck to all NRCP traders!
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