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SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for Aluminum of China (ACH)

Wednesday, May 26, 2010
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SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of Aluminum of China since the stock closed above $19.09.


Friday, this company traded 1,227,017 shares, versus the previous day's total volume of 1,392,405. Heavy volume increases the reliability of this bullish candlestick pattern.


SmarTrend issued a Downtrend alert on shares of Aluminum of China on April 27, 2010 at $24.91 per share (21.3% return since that call). This bullish candle pattern may point to a reversal of the previously called Downtrend.

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