Jiangbo Pharmaceuticals, Inc.(fka JGBO)

[AccipiterQ]

http://www.investopedia.com/terms/h/hammer.asp?&viewed=1


What Does Hammer Mean?
A price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies later in the day to close either above or close to its opening price. This pattern forms a hammer-shaped candlestick.

A hammer occurs after a security has been declining, possibly suggesting the market is attempting to determine a bottom.

The signal does not mean bullish investors have taken full control of a security, it simply indicates that the bulls are strengthening.