A lot of stock has been retrace down (oversold stage), a simple candlestick formed, that's the opportunity to entry. However, if DOJI formed at overbought stage, time to exist take profit. DOJI candlestick= Reversal candlestick!
Let see a few real example to enhance your confident level.
BJTOTO
![](http://1.bp.blogspot.com/_LjKhIwRIIpQ/S_8QMeAW_kI/AAAAAAAAAXA/p_G8zKm5ZOI/s320/2010May-BJTOTO.png)
BJTOTO was retrace down from RM4.64 to RM4.16 without any rebound!
On 27 May 2010, BJTOTO was formed DOJI.
Pls watch closely avoid miss the opportunity!
KKB
![](http://3.bp.blogspot.com/_LjKhIwRIIpQ/S_8Pld-0mAI/AAAAAAAAAWw/pWiPmzXttFs/s320/2010May-KKB.png)
KKB was retrace down from RM2,23 to RM1.50 without any rebound!
On 26 May 2010, KKB was formed DOJI.
On 27 May 2010, KKB rebound 4.5%
KNM
![](http://1.bp.blogspot.com/_LjKhIwRIIpQ/S_8PUz_8MWI/AAAAAAAAAWo/oqHY8x2oXuM/s320/2010May-KNM.png)
KKB was retrace down from RM2,23 to RM1.50 without any rebound!
On 28 April & 26 May 2010, KNM was formed DOJI.
On 29 April rebound 6.9% & 27 May 2010 rebound 5.2%
TM
![](http://3.bp.blogspot.com/_LjKhIwRIIpQ/S_8O22Gq5QI/AAAAAAAAAWY/gEoR_ZA8hlw/s320/2010May-TM.png)
TM was retrace down from RM3,43 to RM3.08 without any rebound!
On 24 May 2010, TM was formed DOJI.
On 26 & 27 May 2010, TM rebound 4.8%
Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!