A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.
Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.
A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.
KUALA LUMPUR (July 4): RHB Retail Research said Nylex (Malaysia) Bhd is set to resume its recent counter-trend rebound as it inched higher to breach the 30 sen mark last Friday (July 1) with strong trading volume – also printing a “White Marubozu” bullish candlestick. In a trading stocks note today, the research house said if the buying interest sustains, the stock may propel towards the 32.5 sen resistance, or June 29’s high, followed by the 36.5 sen next resistance, which was April 29’s high.