Hammer seen on ALI’s weekly chart

We are near our resistance at 61.8% Fibonacci Retracement level. Notice that this line was our support last June 25 of this year but was easily broken last week. Good thing ALI was able to recover from 23 now at 26 level. Based on daily chart we don’t see threat from the candlestick. On our weekly chart we have an interesting Hammer candlestick.

Caveat!

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