LOM 2.33% 4.2¢ lucapa diamond company limited

CommSec daily market report on LOM, page-2

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    0 Lucapa Diamond Co Ltd forms bullish "Outside Bar" chart patternNov 07, 2016
    Recognia has detected an "Outside Bar (Bullish)" chart pattern formed on Lucapa Diamond Co Ltd (LOM:ASX). This bullish signal indicates that the stock price may rise from the close of 0.46.
    Tells Me: Selling pressure showing signs of exhaustion; we may see higher prices at least in the short term. An Outside Bar (Bullish) develops during a strong downtrend, when the trading range completely encompasses the range of the prior bar. This signals an exhaustion of the prior downtrend and potentially a reversal.
    This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.
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    0 About Trade Ideas
    Trade ideas are based on Technical Events identified by research provider Recognia Inc. Every stock is analyzed after every market close to confirm whether a new chart pattern has formed or technical indicator has triggered a signal, giving immediate insight into the possible direction of the stock. The analysis is done for you, with full commentary, so you can find out what the price action is telling you.
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