EverGen Infrastructure Corp V.EVGN

OVERSOLD

[Joseisok]

STOCK BULL AND BEAR REPORT

EverGen Infrastructure Corp forms bullish "Hammer" chart pattern
Feb 03, 2022

Trading Central has detected a "Hammer" chart pattern formed on EverGen Infrastructure Corp (EVGN:TSXV). This bullish signal indicates that the stock price may rise from the close of $3.60.

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.

[Joseisok]

     I'm looking at 4.13 for resistance. With any serious volume, we could see the trend line at 4.60 , for what it's worth.