Bears are Losing Control Over NanoX Imaging (NNOX), Here's Why It's a 'Buy' Now
NNOXNano-X Imaging (NNOX) ZACKS·2024-06-12 22:55

Shares of Nano-X Imaging Ltd. (NNOX) have been struggling lately and have lost 6.8% over the past week. 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. 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 only factor that makes a bullish cas ...