Kraig Biocraft Laboratories Inc (KBLB)

[es1]

That is not really a hammer. A hammer is at the bottom of a down trend and the price opens drops a bit and closes above the open.
We opened high, dropped low, and recovered to close higher then the day before but not higher then the open.
That is a Hangman candle.
A hangman normally closes below the day before so its meaning is not really clear. Best way to decide if the hangman is confirmed is wait for a drop in the AM. If the drop cant recover then we are starting a down trend.

News will put an instant stop to any down trend so get them while you can if it drops

I should add that since the chart is actually in a 2 day down trend the confused candle could also work like a hammer.

I personally would not base my trades on this candle. It is not very strong