LOM chart, page-1176

https://www.aussiebulls.com/SignalPage.aspx?lang=en&Ticker=LOM.AX

LONRHO MINING

Last Signal:BUY

Last Pattern:BULLISH HARAMI CROSS

Last Close: 0.3650

Change: +0.0200

Percent change +5.80%

Signal Update

Our system’s recommendation today is to BUY. The BULLISH HARAMI CROSS pattern finally received a confirmation because the prices crossed above the confirmation level which was at 0.3600, and our valid average buying price stands now at 0.3650. The previous SELL signal was issued on 09/03/2016, 34 days ago, when the stock price was 0.4825. Since then LOM.AX has fallen by -24.35%.

Market Outlook

Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.

Pattern Description

This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami. The outline again looks like a pregnant woman, as with the Bullish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a black body followed by a Doji that is completely inside the range of the prior black body.