Bears are Losing Control Over Lifezone Metals Limited (LZM), Here's Why It's a 'Buy' Now

Core Viewpoint - Lifezone Metals Limited (LZM) has shown a downtrend recently, losing 9.2% over the past week, but a hammer chart pattern suggests a potential trend reversal due to increased buying interest and support from bulls [1] Group 1: Technical Indicators - The formation of a hammer chart pattern indicates a possible bottoming out, suggesting that selling pressure may be subsiding [1] - Hammer patterns occur during downtrends, where the stock opens lower, makes a new low, but closes near or above the opening price, signaling a potential loss of control by bears [2] - Hammer candles can appear on various timeframes and should be used alongside other bullish indicators for confirmation [2] Group 2: Fundamental Indicators - LZM has experienced a 22.2% increase in the consensus EPS estimate for the current year over the last 30 days, indicating strong agreement among analysts for better earnings [3] - The company holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [3] - The Zacks Rank serves as a timing indicator, suggesting that LZM's prospects are improving, reinforcing the bullish case for a trend reversal [3]