FDI - Dragonfly Doji?

Just looked at FDI (Firestone Diamonds) which has had a horrendous decline in 2012 but is showing some strong signs that it has bottomed out and trend might reverse upwards. Looks like a Dragonfly doji formed yesterday, with two or three similar dojis at the 4p mark. Suggests that 3.8-4p might be the bottom? Also note the two recent gaps that formed around the 6p mark. I'm so amateur at charting that this will no doubt be shot down in flames!

How do you add a chart?!
I have it as a screen grab (JPG) on my desktop.
Tried to add the file in the 'Attachments' section and it didn't work.

Ah, there it is.
And once I've mastered the art of putting the post in the right section of the forum, I'll be flying.
Anyway, any thoughts on Dragonfly doji's most welcome.

Forgot about this one!....but your "amateur" analysis as you call it, is exactly how I would read the chart (amateur chancer speculator self taught chartist)...although risky, I totally agree with your risk/reward e.g 50% potential for around 10-15% risk (dependant on spread)...a classic radar penny punt




www.candlesticker.com/Cs19.asp

www.candlesticker.com/Cs09.asp

B....to add the chart simply save to your pc, hit add file button (next to attatchments) once loaded PRESS INSERT and your chart will then appear fully onscreen..if this doesn't work I'll do a quick vid for you later

Bonobo77
Your getting used to the dark arts

Only thing i would say is that ,
Dragon fly doji are rare and for this company it seems to be a regular occurrence so you should be cautious with it. Its to do with the penny share side of it.these things happen a lot on penny shares.
The good thing about it is it actually appeared at the right level at Support.
If you look at the chart you can see its the third time at that level where it bounced.
Dragonfly doji like any candlestick should come at a known support to be valid(well thats how i do it)
and this is the case in this company.
stops would have to be below 3.75.
Its really hard to do technicals on a penny share. Its volatility can be crazy .Hense why people love it.



dyor

If you want to put pictures in here from drop box and you want them to be full size ,
Then click on reply
look above next to the quote symbol to the right of it there is a tab called image link,click on this
Delete the content in there(http://)
and copy your dropbox file that you want to share directly in here.

heres a video ive done on drop box

demo.chartsview.co.uk/learning/video-dropbox.html
this is available from the learning section under trading videos