Eqtec Share Discussion Threads

[gspanner] 13/1/2021 08:53

Well, good old Thor and his hammer.

[city chappy] 13/1/2021 08:43

It's blue now.

[baggariddim] 12/1/2021 20:52

Are you still in SEE? Six years of pain about to pay off?

[juju44] 12/1/2021 17:05

I have far too many of these and doing extremely well but I couldnt resist an add when I saw 1.83 . Pleased

[skinny] 12/1/2021 16:36

free stock charts from uk.advfn.com

[stuayres] 12/1/2021 16:18

Hiddendepths- good spot.

[stuayres] 12/1/2021 16:13

This kind of discussion is what I love about EQT threads without all that 'lemmings and mushrooms only' pump & dump poo.

[hoper1] 12/1/2021 16:10

Praise be to the hammer!

[gottopickapocketortwo] 12/1/2021 16:08

Thor's hammer right enough - well done who ever spotted that this am

[gspanner] 12/1/2021 16:01

to be fair Hiddendepths, it appears to be that formation precisely.

[crosschris] 12/1/2021 15:31

"aye i cannae hold her captain"

[skinny] 12/1/2021 15:24

Lets have a piccie :-

[hiddendepths] 12/1/2021 15:20

In case anyone's interested:-


EDUCATION
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Technical Analysis
GUIDE TO TECHNICAL ANALYSIS

What Is a Hammer Candlestick?
A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near opening price. This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body. The body of the candlestick represents the difference between the open and closing prices, while the shadow shows the high and low prices for the period.

KEY TAKEAWAYS
Hammers have a small real body and a long lower shadow.
Hammers occur after a price decline.
The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open.
The close can be above or below the open, although the close should be near the open in order for the real body to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
What Does the Hammer Candlestick Tell You?
A hammer occurs after a security has been declining, suggesting the market is attempting to determine a bottom.

Hammers signal a potential capitulation by sellers to form a bottom, accompanied by a price rise to indicate a potential reversal in price direction. This happens all during the one period, where the price falls after the open but then regroups to close near the open.

Hammers are most effective when they are preceded by at least three or more declining candles. A declining candle is one which closes lower than the close of the candle before it.

A hammer should look similar to a "T". This indicates the potential for a hammer candle. A hammer candlestick does not indicate a price reversal to the upside until it is confirmed.

Confirmation occurs if the candle following the hammer closes above the closing price of the hammer. Ideally, this confirmation candle shows strong buying. Candlestick traders will typically look to enter long positions or exit short positions during or after the confirmation candle. For those taking new long positions, a stop loss can be placed below the low of the hammer's shadow.

Hammers aren't usually used in isolation, even with confirmation. Traders typically utilize price or trend analysis, or technical indicators to further confirm candlestick patterns.

[hoper1] 12/1/2021 14:52

Eqt and vls the only ones on my monitor still showing red, the rest have turned blue.

[m4rtinu] 12/1/2021 12:39

And clawing our way back up. Famous last words?

[crosschris] 12/1/2021 12:37

A few 1mil buys now rocking in!

[juju44] 12/1/2021 12:15

Bottom was called

[juju44] 12/1/2021 12:15

Bottom was called

[run12] 12/1/2021 11:49

Quite a fair volume traded today so far - 109 million

[hoper1] 12/1/2021 11:34

Will be good afternoon shortly!

[tewkesbury] 12/1/2021 11:31

Good morning.

[gspanner] 12/1/2021 11:03

Good old Thor... Whatever that means. Anxiety about Wood group news? Find that incredible given the current situation out there. those who have sold on fear have been diddled IMO...Though as ever time will tell.

hold 49mil now

[wageslave] 12/1/2021 11:02

Looking more like a hockey stick right now.

[volsung] 12/1/2021 10:38

Got a few more at 1.87p