After breaking support with rather high volume the last three days, Apple (AAPL) formed a hammer candlestick that dipped below 315 intraday. The stock still has a gap to contend with and needs to fill this gap to confirm the hammer. You can find more hammers on the predefined scan page.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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