Ok what happened today -Technically -
CHN opened at 0.46c above the support it broke through Friday that was heavy resistance today..........It then rose slightly to 0.47c and then slowly collapsed to the 0.42c support level on the chart below looking every bit likely the Dark cloud cover pattern was going to be confirmed...........But that's where it ended....CHN slowly but surely recovered all that ground and closed at a daily high that has not been seen for years - It created today a Bullish Harami pattern see details below that has the exact opposite meaning to the bearish pattern created Friday - Go figure.....Fundamentals are driving CHN at the moment and any weakness is being brought into strongly as accumulation might see IGO on the share register soon.....What is a Bullish Harami?
A bullish harami is a basic candlestick chart pattern indicating that a bearish trend in an asset or market may be reversing.
Basics of Bullish Harami
A bullish harami is a candlestick chart indicator suggesting that a bearish trend may be coming to end. Some investors may look at a bullish harami as a good sign that they should enter a long position on an asset.
KEY TAKEAWAYS
- A bullish harami is a candlestick chart indicator for reversal in a bear price movement.
- It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity's downward price movement (signified by black candles) from the past couple of days.
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anyway that's what happened today - can't wait for tomorrow...
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Last
$1.12 |
Change
-0.060(5.11%) |
Mkt cap ! $433.6M |
Open | High | Low | Value | Volume |
$1.14 | $1.16 | $1.11 | $4.128M | 3.670M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 39996 | $1.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.13 | 12789 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 39996 | 1.115 |
6 | 45205 | 1.110 |
4 | 23831 | 1.105 |
25 | 119705 | 1.100 |
1 | 20000 | 1.095 |
Price($) | Vol. | No. |
---|---|---|
1.130 | 9150 | 2 |
1.135 | 164000 | 2 |
1.150 | 17000 | 2 |
1.155 | 2550 | 1 |
1.160 | 50999 | 2 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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CHN (ASX) Chart |