The Hanging Man is a bearish reversal pattern. It signals a market top or a resistance level. Since it is seen after an advance, it signals that selling pressure is starting to increase. The long lower shadow indicates that the sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of this selling pressure after a rally is a serious warning signal. If the body is black, it shows that the close was not able to get back to the opening price level, which has potentially more bearish implications.
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Last
81.5¢ |
Change
0.030(3.82%) |
Mkt cap ! $1.976B | |||
| Open | High | Low | Value | Volume |
| 79.5¢ | 81.5¢ | 78.0¢ | $8.860M | 11.07M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 80779 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 58046 | 3 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |