Here's Why Aligos Therapeutics (ALGS) Is a Great 'Buy the Bottom' Stock Now
Aligos Therapeutics(ALGS) ZACKS·2024-06-04 22:56
Shares of Aligos Therapeutics, Inc. (ALGS) have been struggling lately and have lost 8.1% over the past two weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.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 abou ...