[BULLISH]: A short term Hook Reversal has formed with Ale Property which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 10 occurrences of this bar reversal giving a signal probability of 3.8%.
The Hook Reversal is a specific form of an inside day where there is a failure to maintain the trending move. This reversal signal is not an absolute break in the trend. Most traders will notice the lower closing price and a failure to make a new high but unaware of the loss of commitment.
[Calculation] Hook Reversal:
1) Uptrend: Open (near low) & Close (near high) & [High] < [High Yesterday] & [Low] > [Low Yesterday];
2) Downtrend: Open (near high) & Close (near low) & [High] < [High Yesterday] & [Low] > [Low Yesterday]
|Company||Close||Close Change (%)||Volume||Value||Signal|
|OSP Osprey Medical||0.2||33.3||2,077,247||0||NEUTRAL|
|IRD Iron Road||0.11||22.1||155,658||0||NEUTRAL|
|RAP Resapp Health||0.15||15.4||2,521,448||0||NEUTRAL|
|AKP Audio Pixels Holdings||16.56||13.4||6,511||0||NEUTRAL|
|MIN Mineral Resources||16.58||8.3||1,585,071||0||NEUTRAL|
|BDR Beadell Resources||0.06||7||4,104,304||0||NEUTRAL|
|LNG Liquefied Natural Gas||0.61||7||4,110,932||0||NEUTRAL|
|AJX Alexium International||0.16||6.9||960,302||0||NEUTRAL|