Today's Bell Direct Daily Trading Ideas: Maybe wishful thinking, but fingers crossed. Anyone who does successful buy in near the bottom should do very well in the medium to long term.
BC Iron Ltd forms bullish "Hammer" chart pattern
Sep 04, 2014
Recognia has detected a "Hammer" chart pattern formed on BC Iron Ltd (BCI:ASX). This bullish signal indicates that the stock price may rise from the close of 2.33.
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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Confidence Badly Shaken, page-21
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $634.5M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $1.106M | 4.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 176953 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 40304 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BCI (ASX) Chart |