MJNA forming a Hammer candlestick pattern on the daily chart
A hammer is a type of bullish reversal candlestick pattern, made up of just one candle, found in price charts of financial assets. The candle looks like a hammer, as it has a long lower wick and a short body at the top of the candlestick with little or no upper wick. In order for a candle to be a valid hammer most traders say the lower wick must be two times greater than the size of the body portion of the candle, and the body of the candle must be at the upper end of the trading range.
on the daily, also touched the 50 ma and now sits right at the mid Bollinger Band .... Looks like consolidation around .30 and then another run UP since the Hammer is showing evidently today.
If it opens bullish tomorrow after a losing EOD for the bears, I think this might reverse the downtrend since the Hammer is forming today... it'd be nice to see close at .30 or above .29 at least
GLTA and GO MJNA
Long and Strong.