08 March 2007

a closer look at URME

  • the red circles show URME's most recent high - notice the underwhelming volume
  • the red line above the rsi indicator demonstrates negative divergence
  • the red candle in the blue circle is a huge bearish engulfing candlestick pattern - and just look at the volume below! for a candlestick like this to really be considered a bearish engulfing one, it should occur at the top of an uptrend - just like this one.

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