Education
Technical Event® Educational Material
Recognia® is evaluating stock for over 50 classic chart patterns, technical indicators and oscillators each day, feeding actionable trade ideas that are easy to interpret to you. You may find the implication and description of each Technical Event® in Education Page.
Sample Educational Material
Shooting Star

Implication

A Shooting Star indicates that the prior uptrend is about to end and may reverse to a downtrend or move sideways. This pattern is an indication of a financial instrument's SHORT-TERM outlook.
Description

A Shooting Star forms when the Upper Shadow is longer than the Real Body and the Lower Shadow is small or non-existent. The Shooting Star is the same as an Inverted Hammer, only the Shooting Star appears at the end of an uptrend, whereas the Inverted Hammer appears at the end of a downtrend.

Criteria that Support

The Real Body of the Shooting Star should "gap" away from the Real Body of the previous period. The greater the size of that gap the more important the Shooting Star. Measure the gap between the Real Bodies by taking the lower of the open or the close for the Shooting Star and comparing it to the higher of the open or close for the previous period. If the Shooting Star's lower value is greater than the previous period's higher value then a gap is present.

The Upper Shadow of the Shooting Star should be as large as possible. The larger the Upper Shadow, the more important the Shooting Star.
The above information is provided by Recognia Inc.
 
Want to find out more about investing in HK Shares with SHK Direct?

Call us now on (852) 2822 5001 or fill in the form below. Our Customer Service Representative will contact you as soon as possible with more information.
Last Name*
First Name*
Email*
Phone*
Preferred contact time*
By clicking the "SUBMIT" button, I expressly invite and consent to SHK Online (Securities) Limited contacting me via phone, e-mail or other electronic communication medium to provide me with information on the products and services of SHK Online (Securities) Limited and its affiliates.