Reverse Hammer candlestick spotted (circled in red). Hammer candlestick gives an indication of a trend reversal. SP tested VWAP and has rebounded which is further confirmation. Could be an indication of a bottom formed by the sellers. Its still really early in the day, but chart is showing indications that its priming for an afternoon breakout. Makes sense as well, because profit takers will eventually dry out with the huge volumes of buyers that keep coming in, plus buyers will only be encouraged by an SP that holds close to VWAP, so buyers will be more confident of their entry as the day progresses. Its all my prediction and could be wrong.
So please DYOR and nothing I have said is to be taken as financial advise.
Reverse Hammer candlestick spotted (circled in red). Hammer...
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $380.4M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 20.3¢ | $1.148M | 5.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 165683 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |