Shaver Shop Group Ltd forms bullish "Hammer" chart pattern
Feb 03, 2020Recognia has detected a "Hammer" chart pattern formed on Shaver Shop Group Ltd (SSG:ASX). This bullish signal indicates that the stock price may rise from the close of 0.63.
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.
