Quipt Home Medical Corp T.QIPT

QIPT forms bullish "Inverted Hammer" chart patter

[sollmg]

Quipt Home Medical Corp forms bullish "Inverted Hammer" chart pattern
Sep 21, 2023

Trading Central has detected an "Inverted Hammer" chart pattern formed on Quipt Home Medical Corp (QIPT:CA). This bullish signal indicates that the stock price may rise from the close of $7.12.

Tells Me: The recent decline is approaching its bottom, as the balance between buyers and sellers evens out and there's an attempt (though failed) at higher prices.

The Inverted Hammer appears during a downtrend with a long upper shadow reflecting an attempt a higher prices, and a small real body at the lower end of the range reflecting an evening out of the balance between buyers and sellers as the bears have lost some control. The price may have reached a bottom and ready to turn higher.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

[Tropicalsun]

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[retiredcf]

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[Carlito3311]

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[besttobe]

The chart is broken and now throwing off a SELL signal. The debt and equity markets have tightened. Investors are buckling down and moving away from risky assets given polictcal uncertainty, possible US Gov't shut down and high interest rates. Can't see much happening with Quipt given the circumstances and the lower volume suggests the same. IMO GLTA

[westcoastlogger]

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