BHI, Stock Analysis 
No Comments Waiting for the Morning Star
BHI have fallen from the top and continues to do so today. But closing price of BHI creates a spinning top. This is a candidate for a Morning Star formation but that means we need to see a green candlestick tomorrow.
In a Morning Star formation, We see the red body in a falling market suggesting that the bears are in command. Then a small real body appears implying the incapacity of sellers to drive the market lower. The strong green body of third day proves that bulls have taken over. An ideal Bullish Morning Star Pattern preferably has a gap before and after the middle candlestick. The second gap is rare, but lack of it does not take away from the power of this formation. But stars could be more than one.
But we still have the bearish signal early this week (BHI from heaven) What is more powerful? By the way tomorrow is a profit-taking day we may not be able to see the 3rd candlestick fit for the formation. Caveat!
