Here's Why Bragg Gaming Group Inc. (BRAG) Looks Ripe for Bottom Fishing

Core Viewpoint - Bragg Gaming Group Inc. (BRAG) has experienced a significant decline of 18.3% in its stock price over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal due to increased buying interest [1][2]. Technical Analysis - The hammer chart pattern indicates a potential bottoming out, characterized by a small candle body and a long lower wick, suggesting that selling pressure may be exhausting [3][4]. - This pattern typically forms during a downtrend when the stock opens lower, makes a new low, but then closes near or above the opening price, indicating a shift in control from bears to bulls [3][4]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for BRAG, which is a bullish indicator suggesting potential price appreciation in the near term [6]. - The consensus EPS estimate for the current year has increased by 450% over the last 30 days, indicating strong agreement among analysts regarding the company's improved earnings potential [7]. - BRAG holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [8].