European Metals Holdings Ltd forms bullish "Hammer" chart pattern
Nov 17, 2016
Recognia has detected a "Hammer" chart pattern formed on European Metals Holdings Ltd (EMH:ASX). This bullish signal indicates that the stock price may rise from the close of 0.59.
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.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.
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Last
15.5¢ |
Change
0.015(10.7%) |
Mkt cap ! $32.15M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.8¢ | 15.5¢ | $3.748K | 24.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 76555 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 33724 | 2 |
View Market Depth
| Last trade - 14.43pm 11/11/2024 (20 minute delay) ? |
| EMH (ASX) Chart |