Usually, a bullish Harami happens at the bottom of the trend to signify a bullish reversal. In this case, a breakout of the Friday inside bar to the upside that takes out the previous high two trading days ago reflects a bullish continuation pattern. Since it has taken out the inside bar from Friday, I will call the candlestick pattern “the bullish Harami continuation pattern”. Don’t bother to google it; there is no such thing. I just make it up. Whatever works for me, eh? (grin).
Take a look at the daily chart below. I believe gold minings and gold is heading up.
I like to see price action takes out the recent pivot high at $13.54 established in May 9th.
Yes, I bought back $NUGT and $ABX this morning.
My 2 cents.Comments »