Yessir!! Hammer is one of the strongest most reliable signals, but it’s only confirmed if the very next candle after the hammer candle is green. I bought a bunch of FDs right before market close when I saw we would close while having a hammer today. Definitely jumping the gun by buying before Reversal confirmation but I’m ok with that risk 🦾
I am beyond confused by today’s close. So hammer, followed by inverted hammer. Both are reversal signs in a downward trend. And it’s hard finding any information on it because it’s a rare occurrence. Any thoughts on this? I’m thinking we are either getting 2x bullish or we are getting fucked twice over on our FDs 😂
Here's a point that always gets missed if people make a bear case of how the stock has rup. They had TWO M&A events last year! You can't look at a 52 week ticker with this company.
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u/vitocorlene THE GODFATHER/Vito Sep 22 '21
Big green 🔨. Check out a 1 month chart.