GREY:XEBEQ - Post by User
Post by
dm27427on Jul 23, 2020 8:05am
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Post# 31306308
Xebec forms bullish "Hammer" chart pattern
Xebec forms bullish "Hammer" chart patternRecognia has detected a "Hammer" chart pattern formed on Xebec Adsorption Inc. (XBC: TSXV). This bullish signal indicates that the stock price may rise from the close of $4.17.
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.