Reservoir Media (RSVR) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

The price trend for Reservoir Media, Inc. (RSVR) has been bearish lately and the stock has lost 13.8% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only facto ...