Lightwave Logic Inc (LWLG)

[Think1st]

Our system’s recommendation today is to BUY. The BULLISH HAMMER pattern finally received a confirmation because the prices crossed above the confirmation level which was at 3.9300, and our valid average buying price stands now at 3.9700. The previous SHORT signal was issued on 01/10/2024, 8 days ago, when the stock price was 4.3300. Since then LWLG has fallen by -8.31%.

We may be at a market bottom or at the start of a reaction rally. The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.

This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range. mor