From Trading Central this morning | Solaris Resources Inc forms bullish "Hammer" chart pattern
Oct 21, 2021 Trading Central has detected a "Hammer" chart pattern formed on Solaris Resources Inc (SLS:TSX). This bullish signal indicates that the stock price may rise from the close of $13.68. 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 Trading Central proprietary pattern recognition technology. |
Trade ideas are based on Technical Events identified by research provider Trading Central. Every financial instrument is analyzed after every market close to confirm whether a new chart pattern has formed or technical indicator has triggered a signal, giving immediate insight into the possible direction of the price. The analysis is done for you, with full commentary, so you can find out what the price action is telling you.