Right now IBY has a very bullish hammer reversal candlestick pattern. We also have very high relative volumes this past 2 days of 2M+ compared with the long term average of 630K/day. Now it might be expecting too much for a sudden reversal and this needs confirmation in the following price action. However a pattern like we had today coupled with high volumes has the basics in place. For those not familiar with candlestick patterns see....
http://stockcharts.com/school/doku....:candlestick_bullish_reversal_patterns#hammer
Unfortunately I can't load a chart of IBY, something wrong with the HC upload process today but it is like the pattern in the link above..
- Forums
- ASX - By Stock
- E88
- Ann: Clarification of 4C commentary
Ann: Clarification of 4C commentary, page-34
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add E88 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online