Knife River (KNF) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
Knife River pany(KNF) zacks.com·2024-05-22 14:56
This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.' There has been an upward trend in earnings estimate revisions for KNF lately, which can certainly be considered a bullish indicator ...