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Zacks Investment Research on MSNSamsara Inc. (IOT) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?A downtrend has been apparent in Samsara Inc. (IOT) lately. While the stock has lost 8.9% over the past week, it could ...
The hammer is a bullish reversal candlestick pattern characterized by a small body near the top, a long lower wick, and little to no upper shadow. It signals a shift from selling to buying pressure.
While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future ...
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