# PALAF Appears in Hammer Candlestick: Are Uranium Stocks About to Rebound?

Uranium leader Paladin Energy (PALAF) has recently been knocked down, with an 8.1% drop in two weeks. However, in the last couple of days, a classic **hammer candlestick** has appeared—although the stock price reached a new low, it was ultimately pulled up by buying pressure, closing near the opening price. In simple terms: the bears have lost control, and there is a possibility of a rebound.

**Technical Analysis**: The key to the hammer candlestick is "long lower shadow + small body"—the length of the lower shadow should be at least twice that of the body, resembling a hammer. This pattern appears at the bottom of a downtrend, indicating that selling pressure has clearly weakened and buying interest is starting to emerge. However, don't just look at the technicals; it should be combined with other indicators.

**Fundamentals are key**: Wall Street analysts are collectively optimistic. The most impressive data is that the EPS consensus forecast for PALAF has been revised up by **66.7%** in the past 30 days! This indicates that institutional investors generally believe the company will exceed profit expectations. Additionally, the current Zacks rating is #2（买入），排名在4000多只股票里的前20%。根据历史数据，Zacks #1 and stocks with a #2 rating typically outperform the market.

**Bottom line**: There are signals from both technical and fundamental perspectives, and the probability of a rebound is not low. But remember - the hammer candlestick is a probability game, and it's best to confirm it with other indicators.