I see a lot of engulfing bullish sentiment building up in 2012 – which is great as long as you manage your Risk.
However, what I wanted to cover today is the Bullish Engulfing candle. Not sure what I mean? Maybe this will help:Above is the Daily chart of EMKR (Emcore Corp). Notice the candle for today and how it “engulfs” the prior days candle (Doji). There you have it, a nice clean Bullish Engulfing candle.