AB1 0.00% 18.0¢ abarta resources limited

tempted to call this as the "reversal" time after 3 major...

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    tempted to call this as the "reversal" time after 3 major support / signals kicked in yesterday...


    1. 61.8% Fibonacci level @ 6.6 - price hits a tad below @ 6.4c and finds support

    2. 200EMA Support - same for 200EMA - price uses that @ 6.6c to reverse

    3. Bullish Hammer Candlestick - and this gets formed at the end of the day - closes at the level it opened - a major reversal signal IMO...


    So let's see how it pans out today... we could be seeing a run up to 8.5c on the back of these signals to confirm the trend reversal...


    https://hotcopper.com.au/data/attachments/1337/1337492-3f1582f0d2621b5e66df59841e01210a.jpg

 
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