Even though it is just midday, some stocks are showing signs of firmness. Amgen (AMGN) is firming with a Harami taking shape. After a sharp decline on Thursday, the stock opened up and is trading within Thursday's range. A break above Thursday's high would confirm the Harami, which is a bullish candlestick reversal pattern.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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