Here's Why Archer Aviation (ACHR) Is a Great 'Buy the Bottom' Stock Now
Archer Aviation (ACHR) ZACKS·2024-08-14 22:56
The price trend for Archer Aviation Inc. (ACHR) has been bearish lately and the stock has lost 8.2% 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.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor t ...