POWERSHARES FTSE RAFI US 1000 PORTFOLIO
forms bearish "Hanging Man" chart pattern
Mar 08, 2018
Recognia has detected a "Hanging Man" chart pattern formed on POWERSHARES FTSE RAFI US 1000 PORTFOLIO (PRF:NYSE). This bearish signal indicates that the stock price may fall from the close of $113.69.
Tells Me: The price may have reached the top of the recent uptrend, showing it has been susceptible to selling pressure. The Hanging Man appears during an uptrend, displaying a long lower shadow with a small real body at the top of the range. The price may have reached a top and due for a reversal to the downside.