This "inverted hammer" is supposedly a candlestick pattern that appears at the bottom of a lengthy downtrend. DOW's recent plunge occurred out of a consolidation area, therefore you're misapplying it. A substantial fall on unusually heavy volume is a very bearish event, especially in an extremely bearish sector such as mining services. Of course anyone applying basic TA wouldn't be holding stocks in a downtrending sector anyway.
much less than expectation, page-7
Add DOW (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.84 |
Change
0.125(2.19%) |
Mkt cap ! $3.901B | |||
| Open | High | Low | Value | Volume |
| $5.70 | $5.84 | $5.70 | $1.016M | 175.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1674 | $5.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.84 | 3822 | 16 |
View Market Depth
| Last trade - 14.17pm 19/11/2024 (20 minute delay) ? |
| DOW (ASX) Chart |