BioXcel Therapeutics (BTAI) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
BTAIBioXcel Therapeutics(BTAI) ZACKS·2024-08-30 22:56

The price trend for BioXcel Therapeutics, Inc. (BTAI) has been bearish lately and the stock has lost 6.6% 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 ...