Shaver Shop Group Ltd forms bullish "Hammer" chart patternFeb...

  1. Ben2010
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    04/02/20
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    Post #: 42729844

    Shaver Shop Group Ltd forms bullish "Hammer" chart pattern
    Feb 03, 2020

    Recognia 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.


    https://hotcopper.com.au/data/attachments/1962/1962403-77a23d4a469edf1918e2e978932f3a5d.jpg
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    lightbulb Created with Sketch.  Great analysis
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