Legend Biotech (LEGN) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
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Legend Biotech (LEGN) has formed a hammer chart pattern, suggesting it may have found support. Coupled with upward earnings estimate revisions, this could indicate a potential trend reversal for the stock.
November 11, 2024 | 4:00 pm
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Legend Biotech has formed a hammer chart pattern, indicating potential support. This, along with upward revisions in earnings estimates, suggests a possible trend reversal.
The formation of a hammer chart pattern typically indicates that a stock has found support, which can lead to a price increase. Additionally, upward revisions in earnings estimates are a positive signal for future performance, suggesting that the stock may experience a trend reversal.
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