Hammer

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Hammer

In candlestick charts, the representation of a trading day where a security trades significantly below its opening price for most of the day, but closes either above or close to the opening price. It is called a hammer because the candlestick representing the trading day looks somewhat like a hammer. It is not necessarily a bullish indicator, but a hammer may mean that the market is nearing a bottom.
References in periodicals archive ?
5 THE skin-tight leather trousers and jacket worn by Olivia Newton-John in Grease, left, are set to go under the hammer on November 1 and 2.
A silver Bentley will also go under the hammer - and bidding on all the seized goods on the listing start with absolutely no reserve price.
Two properties in South Wales will also go under the hammer: A spacious three-bedroom bungalow in Swansea and a three-bedroom mid-terrace in Aberdare.
Alongside the London flat, six acres of land in Angelsey and a four-bedroom terrace house in west Sussex will also go under the hammer.
New Delhi [India], Dec 11 ( ANI ): The 2019 Indian Premier League (IPL) Player Auction list is out with a total pool of 346 cricketers set to go under the hammer in Jaipur on December 18.
With around 400 lots to go under the hammer including small tools, plant, machinery and HGVs the auction will be available to both physical and online bidders.
It will go under the hammer on November 28 at motor auctioneers' H&H Classics sale at Buxton's Pavilion Gardens.
The costume worn by Johnny Depp in the 1990 film Edward Scissorhands will also go under the hammer, and is likely fetch up to PS80,000.
The car will go under the hammer at The Exceptional Sale, held at the Rockefeller Center, New York, April 20, 2018.
A total of 343 works will go under the hammer on June 12 at the gallery's auction hall, marking Artium's 95th sale.
UNSEEN images of screen icon Marilyn Monroe living the high life are set to go under the hammer.
TOP: Buyers around the big machinery; TOP RIGHT: A 2002 Land Rover SWB sold for pounds 6,900; BOTTOM RIGHT: An old Pony Trap was sold ready for restoration; LEFT: Decades of history go under the hammer as series of troughs and smaller items are sold off; FAR LEFT: Morgan Evans director Simon Jones was clerk for the day.