notes: "Engulfing" (22 JUN 2018)

ive been following the videos of this filipino stock market "guru" ... seems lumalaki following nya lalo na sa mga newbies ... which he specifically identifies as his target audience ... newbies na walang kaalam alam sa technical analysis .... why ko nasabi yun ... well isa sa favorites ko na booboo nya is when he identifies a bullish engulfing pattern ... what is a bullish engulfing patterm? ... investopdia says: A bullish engulfing pattern is a chart pattern that forms when a small black candlestick is followed by a large white candlestick that completely eclipses or "engulfs" the previous day's candlestick. The shadows or tails of the small candlestick are short, which enables the body of the large candlestick to cover the entire candlestick from the previous day... but to this "guru"... an engulfing pattern is not that ... an engulfing pattern to him is when a candlestick is green and is just higher than the previous days candlestick ... wala sya pakialam kung hindi man na engulf yun bottom ng previous days candlestick ... a learned newbie would really be struck by this so easily that he would see thru this mapagpanggap na guru .. pero newbies nga e .. walang kaalam alam so go lang sila ... one thing going for this guru is mahusay sya mag ingles not unlike other flipino gurus na ibang accent ang ingles .. or hindi talaga marunong mag ingles ... may itsura den si guru .. pero sorry ... impostor sya ... his favorite indicator or bukambibig is the "20-day moving average" and the "bollinger bands" ... his favorite term is "test buy" ...