Sonoran Desert Copper forms bullish Hammer chart pattern Apr 02, 2024
Trading Central has detected a "Hammer" chart pattern formed on Sonoran Desert Copper Corp (SDCU:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.09.
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.