The Proof that candlestick patterns are bullish predictors of five day stock price increases

Investing in stocks using candlesticks patterns

Investing in and trading stocks using Japanese Candlestick patterns

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These stocks were among those we reported as bullish on 12/16/09. They had completed a bullish candlestick pattern at the close of trading on 12/16/09, indicating a probable change of direction. Five days later, these stock had realized percentage gains ranging from a high of 80% to a low of 13%.

Candlestick patterns are one of the most reliable technical analysis tools a
short-term trader can use to maximize their stock profits.

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Stock

Stock Name

Candlestick Pattern
12/16/09

Close
12/16/09

Close
12/23/09

% Gain

ATHX

Athersys Inc.

Morning Star

1.02

5.28

417.65

FREEW

FreeSeas Inc.

Bullish Harami

0.05

0.08

60.00

BOFL

Bank of Florida Corporation

Bullish Star

0.52

0.79

51.92

SCLD

SteelCloud Inc.

Bullish Harami

0.23

0.32

39.13

CIGX

CIENA Corporation

Morning Star

0.52

0.69

32.69

ULGX

Urologix Inc.

Bullish Harami

1.15

1.5

30.43

CIGX

CIENA Corporation

Break Out

0.53

0.69

30.19

NVMI

Nova Measuring Instruments Ltd.

Bullish Star

4.51

5.87

30.16

SCON

Superconductor Technologies Inc.

Break Out

2.12

2.75

29.72

IGC.W

India Globalization Capital Inc.

Inverted Black Hammer

0.04

0.05

25.00

SNG

Canadian Superior Energy Inc

Morning Star

0.49

0.61

24.49

MBI

MBIA Inc.

Bullish Harami

3.33

4.14

24.32

ILI

Interleukin Genetics Inc.

Inverted White Hammer

0.64

0.79

23.44

AERG

Applied Energetics Inc

Morning Star

0.3

0.37

23.33

SNG

Canadian Superior Energy Inc

Bullish Engulfing

0.5

0.61

22.00

GSL.U

Global Ship Lease Inc

Morning Star

1.2

1.45

20.83

FFNM

First Federal of Northern Michigan Bancorp Inc.

Bullish Star

1.22

1.47

20.49

LOV

Spark Networks Plc

Morning Star

2.5

3.01

20.40

Vonage Holdings Corp.

Morning Star

1.23

1.48

20.33

TREX

Tejon Ranch Company

Bullish Harami

16.42

19.69

19.91

MTH

Meritage Corporation

Bullish Harami

16.31

19.46

19.31

MBR

Mercantile Bancorp Inc. (Quincey IL)

Morning Star

2.95

3.5

18.64

MESA

Mesa Air Group Inc.

Bullish Harami

0.11

0.13

18.18

ACTI

ActivIdentity Corporation

Bullish Harami

2.22

2.58

16.22

TTPA

Trintech Group PLC

Morning Star

3.48

16.00