A strong, solid candle indicating a bullish trend
The marubozu is a candlestick having a large, lengthy body with little to no upper or lower shadow. This sturdy body denotes a powerful movement in either an upward or downward direction.
When a bullish Marubozu forms, it means that the price rose steadily from the time it opened until it closed, trying to rise even higher.
The behavior on Bullish Marubozu day implies that a rise in bullishness will last for the following few trading sessions.
And we identified a few stocks forming a bullish marubozu as of 17th October 2023…
Checkout the latest issue of Upsurge’s Newsletter to know which 2 stocks made it to the list
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