Argo Blockchain (ARBK) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
Argo Blockchain Plc(ARBK) ZACKS·2024-06-12 22:55
The price trend for Argo Blockchain PLC Sponsored ADR (ARBK) has been bearish lately and the stock has lost 5% 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 t ...