Inverted Hammer - Bullish on JSE:CFR

A Inverted Bullish Hammer has formed on CFR, but could this play out for the long run?

The MACD is still negative and RSI is also a bit low on the daily chart, but the Bolinger Bands seems to be getting closer to each other so let's see what happens today.

Let me know your thoughts and remember this is not financial advice.