Polestar Automotive Holding UK PLC (PSNY) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
Polestar(PSNY) Zacks Investment Research·2024-02-05 15:56Shares of Polestar Automotive Holding UK PLC (PSNY) have been struggling lately and have lost 18.6% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts ...