Petro One Energy Corp CUDBF

POP.V July 13 2012 Bullish Hammer

[yukon_gold]

Petro One Energy Corp

(POP:TSXV)

Event Details for: Hammer
 

 

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.

Event Date:	Jul 13, 2012
Opportunity Type:	Intermediate-Term Bullish
Close Price:	.18

 

Price Period:	Weekly
Volume:	240,008
Inbound Trend Duration:	5 weeks

 

 

[MineDigger]

As all the other hammers have failed, why should this one work?

[waffenss]

Seems the PUMPERS...don't like this chart...hmmmmmmm imagine that eh....LOL   Petro One Energy Corp. (TSXV : V.POP)