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Marubozu

May 31, 2010.

My Stocks Investing Journey

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Tuesday, November 24, 2009

Agrium Inc (AGU) - Nice Candlesticks Patterns to Trade!

Agrium has been showing nice & reliable candlestick patterns to trade. Some far the candlesticks patterns have been realiable to predict the future price movement. So far, a few reliable trend reversal patterns like Morning Star, Evening Star, Bearish Kicker were seen. A Dark Cloud Cover pattern was formed on Nov 23 closing, this is another trend reversal pattern. By looking at the chart, AGU bounced back from the resistance of $57.69 and due to pulling back from its recent up trend. I am planning for a PUT option for AGU.

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