MEO 0.00% 0.0¢ meo australia limited

charts, page-25

  1. 388 Posts.
    Nbaz you are correct, 'tis a hammer.

    Hammer: Hammer candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during an advance, then it is called a Hanging Man.

    Bullish
    =======
    Bullish Hammer. A reversal pattern. Nison: The longer the lower shadow, the smaller the upper shadow, and the smaller the real body, the more significant the pattern. White real body more bullish than black body. LitWick reliability: low.
 
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