Pharmaxis Ltd forms bullish "Inverted Hammer" chart pattern
Mar 01, 2016
Recognia has detected an "Inverted Hammer" chart pattern formed on Pharmaxis Ltd (PXS:ASX). This bullish signal indicates that the stock price may rise from the close of 0.23.
Tells Me: The recent decline is approaching its bottom, as the balance between buyers and sellers evens out and there's an attempt (though failed) at higher prices. The Inverted Hammer appears during a downtrend with a long upper shadow reflecting an attempt a higher prices, and a small real body at the lower end of the range reflecting an evening out of the balance between buyers and sellers as the bears have lost some control. The price may have reached a bottom and ready to turn higher.
YAWN, page-47
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.71M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.1¢ | 2.9¢ | $211.2K | 7.135M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 778323 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 1685489 | 3 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| SNT (ASX) Chart |