A stock forming a bullish hammer near its support line ⤴️

A stock forming a bullish hammer near its support line :arrow_heading_up:

:arrow_right: A single candlestick pattern, the hammer is formed when the body of a candle is small & appears at the upper end of the trading range, with the length of its lower shadow being more than twice the length of its body. A hammer signals a potential change in sentiment in the stock, a likely trend reversal.

:arrow_right: When the hammer is formed at the bottom of a downtrend, it’s called a bullish hammer. It indicates a new buying interest after several bearish sessions.

And we found a stock forming this pattern as of 23rd Oct 2023!

Learn which stock is forming a bullish hammer & how to trade it in our latest newsletter issue dropping in your inbox at 6:30 pm today :white_check_mark:

Join 1500+ people getting such strategies delivered to their inbox daily by signing up here: Subscribe to Upsurge's Newsletter

2 Likes