Not to state the obvious, but today's finish has set up an extremely bullish Chart Pattern.
Todays Candle in isolation was extremely bullish, which points to the likelihood of a trend continuation tomorrow.
HOWEVER, if you look at the broader Chart you will also see that an 'island reversal' pattern is now in play, with today's closing price matching the trading high of the past four trading days since the gap down. An island reversal is confirmed by a a GAP UP and a consolidated breakaway trading pattern.
Overlay the bullish technical signals with the fundamentals of a seriously undervalued stock and you have the set up for solid and significant move tomorrow.
Such is the strength of the technical signals and fundamentals that I would not be surprised to see this in the 80's/90's tomorrow.
Extremely Bullish Chart Patterns
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Last
87.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $151.5M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11034 | 86.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.0¢ | 10000 | 1 |
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| Last trade - 12.47pm 12/11/2024 (20 minute delay) ? |
| SHJ (ASX) Chart |
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