Are there any chartists who can comment on below, from Bell Direct.
Helloworld Travel Ltd forms bullish "Hammer" chart pattern Jan 04, 2024Trading Central has detected a "Hammer" chart pattern formed on Helloworld Travel Ltd (HLO:ASX). This bullish signal indicates that the stock price may rise from the close of 2.35.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.
HLO Price at posting:
$2.35 Sentiment: Buy Disclosure: Held
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