Zentec Bullish engulfing 1D

The pattern consists of a small red candlestick followed by a larger green candlestick that completely engulfs the previous red candlestick. The red candlestick represents selling pressure, while the green candlestick represents a strong buying pressure that is able to overcome the selling pressure and push the price higher.

The potential targets are 305, 345 and 380.
Bullish PatternsCandlestick AnalysisEngulfing Candle

Penafian