Identification
Pattern:reversal
Reliability:low/moderate
A small real body forms at the upper end of a trading range with a long lower shadow (the longer the more bullish) with no, or almost no upper shadow.The Psychology
It certainly meets criteria for a bullish hammer (ie see 15m chart), but is only low to moderate reliable. This from Leavitt Bros...
In a downtrend or within a pullback of an uptrend, a sharp intraday sell-off is followed by a reversal which causes the stock to close near its opening price near the day’s high. This hints at the possibility of a reversal. Bulls most likely were shaken out by the intraday weakness, and shorts start getting a little worried with the bounce. The pattern is a slightly more reliable if the real body is white, but a strong following day on solid volume is still needed to confirm the pattern.
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $52.50M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $526.3K | 52.54M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1884356 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 33816611 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1884356 | 0.010 |
20 | 21613436 | 0.009 |
13 | 3629210 | 0.008 |
5 | 2507000 | 0.007 |
5 | 1585001 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 33816611 | 21 |
0.012 | 17623226 | 28 |
0.013 | 23009713 | 20 |
0.014 | 11231257 | 15 |
0.015 | 5549920 | 11 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
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