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.
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Last
$6.26 |
Change
-0.055(0.87%) |
Mkt cap ! $4.183B | |||
| Open | High | Low | Value | Volume |
| $6.31 | $6.31 | $6.22 | $1.839M | 294.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 5564 | $6.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.26 | 7763 | 32 |
View Market Depth
| Last trade - 12.38pm 25/06/2025 (20 minute delay) ? |
| DOW (ASX) Chart |