Spongetech Delivery Systems Inc (fka SPNGQ)

[loniee]

I concede this discussion...I found a definition that fits your statement..My appologies
Hammer: Hammer candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during an advance, then it is called a Hanging Man.