APLAPOLLO: Hammer at weekly at Lower Bollinger Band
It has formed a perfect hammer on weekly chart just at its previous resistance breakout level. Volumes are rising indicating support below 1339. A hammer on weekly chart is sign on trend reversal which is exactly coinciding with earlier resistance level. So, it can reverse from this in coming week.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.