Bullish Engulfing Candlestick Pattern

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Bullish Engulfing Candlestick	A Two-Candle-Stick Pattern The bullish engulfing pattern forms after a decline of price. The price decline is characterized by a small to moderate size bearish candle. The next day's price increase candle is longer than the first candle and completely surrounds(engulfs) the first bearish candle. This pattern is a strong signal of a bullish price reversal. more candlestick pattern resouces
RELL(Richardson Electrons LTD.) developed bullish engulfing candlestick patterns on Oct. 5, 2009 and on Oct 7, 2009. RELL's price when from $4.90 on Oct 5, 2009 to $5.90 on Oct 15, 2009. A 20% increase.

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