Kathmandu Holdings Ltd forms bullish "Hammer" chart pattern
Feb 11, 2021Trading Central has detected a "Hammer" chart pattern formed on Kathmandu Holdings Ltd (KMD:ASX). This bullish signal indicates that the stock price may rise from the close of1.24.
Tells Me: The price may have reached the bottom of the recent downtrend, having recovered high up from a sharp decline for the session. The Hammer appears during a downtrend, displaying a long lower shadow with a small real body at the top of the range. The price may be developing a bottom and due for a reversal to the upside.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Ann: Trading Update, page-3
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Last
48.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $341.6M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.0¢ | 48.0¢ | $1.937K | 4.035K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12027 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 22889 | 2 |
View Market Depth
| Last trade - 10.04am 18/09/2024 (20 minute delay) ? |
| KMD (ASX) Chart |