Here's Why German American Bancorp (GABC) Could be Great Choice for a Bottom Fisher
German American(GABC) ZACKS·2024-08-14 22:56
The price trend for German American Bancorp (GABC) has been bearish lately and the stock has lost 8.2% over the past two weeks. 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 Wal ...