P3 Health Partners (PIII) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
PIIIP3 Health Partners(PIII) ZACKS·2024-08-30 22:56

The price trend for P3 Health Partners Inc. (PIII) has been bearish lately and the stock has lost 14.2% 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. 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 onl ...