Ziptel Ltd forms bullish "Hammer" chart pattern
Jun 15, 2015
Recognia has detected a "Hammer" chart pattern formed on Ziptel Ltd (ZIP:ASX). This bullish signal indicates that the stock price may rise from the close of 1.08.
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.
Recognia Chart
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.246M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $10.10K | 3.496M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2009900 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 6197789 | 16 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DOU (ASX) Chart |