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Bullish Engulfing Reinforces Support

(By Arthur Hill)

There are bullish engulfing patterns and then there are BULLISH ENGULFING patterns. Kohls (KSS) successfully tested support from its May lows with a bullish engulfing on high volume. Three items came together for this bullish signal: support, a bullish candlestick reversal and high upside volume. The more, the merrier.

Note: This is an educational post featuring a technical analysis technique.

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