BNO News: Bears are Losing Control Over Bionomics Limited Unsponsored ADR (BNOX), Here's Why It's a 'Buy' Now - 4th Mar 2023, 1:55am

[annb0t]

The price trend for Bionomics Limited Unsponsored ADR (BNOX) has been bearish lately and the stock has lost 20.3% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.

While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, r...

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