[BEARISH]: Us Masters Residential Property Fund has formed a new Bear Belt-Hold reversal pattern.
Bearish Belt Hold is a single candlestick pattern basically a Black Opening Marubozu that occurs in an uptrend. It opens on the high of the day and then prices begin to fall during the day against the overall trend of the market which eventually stops with a close near the low leaving a small shadow at the bottom of the candle. If longer bodies characterize the Belt Hold then the resistance they offer against the trend will be even much stronger.
[Calculation] Bear Belt-Hold Candlestick Pattern:
1) The market is characterized by a prevailing uptrend;
2) The market gaps up and opens at its high and closes near to the low of the day;
3) A long black body that has no upper shadow (a Black Opening Marubozu) is observed;
|Company||Close||Close Change (%)||Volume||Value||Signal|
|EMH European Metals Holdings||0.43||6.3||40,455||-1||BEARISH|
|COE Cooper Energy||0.43||4.9||5,449,546||-1||BEARISH|
|GGG Gold Company||0.08||2.6||1,326,446||-1||BEARISH|
|MFG Magellan Financial||24.69||0.9||360,834||-1||BEARISH|
|RHC Ramsay Health Care||55.09||0.9||639,151||-1||BEARISH|
|APE Ap Eagers Holdings||8.48||0.8||19,588||-1||BEARISH|
|GNG GR Engineering Services||1.36||0.7||1,405||-1||BEARISH|