AGO 0.00% 4.5¢ atlas iron limited

I think it is a reversal pattern - inverted hammer / doji which...

  1. 334 Posts.
    I think it is a reversal pattern - inverted hammer / doji which started as a gap down to 3.8 - went up to 4.1 - then pushed back to 3.8. Oversold and at 2 month low -should reverse BUT other factors beyond candlesticks come into play = dumpers - market sentiment to IO - and buy/sell ratio.
    Cheap price at the moment though (given forward prospects).
    I am long on this but still do a few short term trades (like now) DYOR.
 
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