3rd time lucky Goblin, page-4

here's hoping this Recognia black magic TA is accurate....


Adacel Technologies Ltd forms bullish "Hammer" chart pattern
Aug 25, 2016
Recognia has detected a "Hammer" chart pattern formed on Adacel Technologies Ltd (ADA:ASX). This bullish signal indicates that the stock price may rise from the close of 2.59.

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.