SSR Mining (SSRM) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
SSR Mining(SSRM) ZACKS·2024-08-07 22:56
The price trend for SSR Mining (SSRM) has been bearish lately and the stock has lost 18% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. 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 a ...