Identification
Pattern:reversal
Reliability:low/moderate
A small real body forms at the upper end of a trading range with a long lower shadow (the longer the more bullish) with no, or almost no upper shadow.The Psychology
It certainly meets criteria for a bullish hammer (ie see 15m chart), but is only low to moderate reliable. This from Leavitt Bros...
In a downtrend or within a pullback of an uptrend, a sharp intraday sell-off is followed by a reversal which causes the stock to close near its opening price near the day’s high. This hints at the possibility of a reversal. Bulls most likely were shaken out by the intraday weakness, and shorts start getting a little worried with the bounce. The pattern is a slightly more reliable if the real body is white, but a strong following day on solid volume is still needed to confirm the pattern.
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.17M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $29.62K | 2.437M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 9620994 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 22540609 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 9620994 | 0.012 |
50 | 43723327 | 0.011 |
25 | 14096920 | 0.010 |
9 | 5770014 | 0.009 |
2 | 220000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 22540609 | 20 |
0.014 | 26608938 | 17 |
0.015 | 9137648 | 18 |
0.016 | 2100491 | 12 |
0.017 | 11026445 | 7 |
Last trade - 14.28pm 01/07/2024 (20 minute delay) ? |
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