Trader's Logbook

From the last two candlesticks of SMPH (SM PRIME HOLDINGS, INC.) we could see a Bullish Harami pattern that might be consider a signal for reversal. But take note that this pattern has a low reliability. It needs a third day confirmation to be sure that the downtrend has really reversed. This confirmation of the trend reversal may be signaled by a green candlestick, a large gap up or by a higher close on Monday.

Good thing about this one is that it is inside a mini triangle and is posing to have a breakout.

Caveat as always.