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Shares of Spark New Zealand Ltd. (SPKKY) have been struggling lately and have lost 6% over the past four weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.
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 an...
>>> Read more: Spark New Zealand (SPKKY) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
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 an...
>>> Read more: Spark New Zealand (SPKKY) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
