Moreover, the tail sets right on top of one of the old descending supports from my minimal chart. Origin high of 5/1, $0.63, toucehes high of 5/4, 5/11, 5/13, 5/20 (barely miss), 5/22, 5/26. Extend right and hits low of today, 6/30, at $0.3702.
With open and close where they are, and being in a down trend, should qualify as a bullish "hammer".
Doesn't always push up next day, but a 60% successful bullish indicator. Unfortunately, doesn't move strongly on the break up and is only a mid-rank performer.
But better than a sharp stick in the eye and/or misinformation from the <avoid message deletion>
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.