Worrying reversal candle, but I remain bullish on IMP

There’s a classic hammer reversal candle on the weekly chart. Which was subsequently followed by a bearish candle. This is a typically bearish signal. However, I still believe we in a bull market. If indeed The hammer trade proves right and the stock falls I will be stopped out at 23202c . As the stock moves to a lower box. But if that trade doesn’t play out and the stock moves higher. I will add to my position if we get a close above 29138c. This would be a multi year high close. The last time this stock closed higher than 29138c was in July 2008.



Trade Summary 22 March 2021
Average entry: 21962c
Position size: 16.4
Stop loss: 23202c
Risk: +20336c
Risk%: +2.44%
Dividends received 13120c.