The Case for Bearish Engulfing Patterns

I regularly screen for candle patterns that would indicate short-term accumulation or distribution with individual stocks.  I noticed one of the my three "bellwether" stocks pop up on the bearish list this week- Visa (V).

V 2018-01-30.jpg

While not a climactic sell signal on its own, it is one more piece of evidence supporting a correction.  Read more over at stockcharts.com.

RR#6,
Dave

Disclaimer: This blog is for educational purposes only, and should not be construed as financial advice.  Please see the Disclaimer page for full details.