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Shares of Unisys (UIS) have been struggling lately and have lost 8.7% over the past week. However, a hammer chart pattern was ...
The pattern is confirmed by a bullish candle the next day. A hanging man pattern suggests an important potential reversal lower and is the corollary to the bullish hammer formation. The candle ...
For instance, a Hammer Candle Pattern is a bullish reversal pattern which tells us that a stock is nearing bottom in a downtrend. The body of the candle is short which represents the head of the ...