Is Vertical Aerospace Ltd Poised for a Bullish Reversal?

Vertical Aerospace Ltd has been in a prolonged downtrend since reaching its 2024 peak of $15.99 on December 27, 2024. Is there a strong chance the bear market is over? There are compelling signs suggesting so. On January 29, the stock printed a hammer candlestick right at the key support level that previously triggered the bull market on November 22, 2024, leading to the year's high. Additionally, the hammer was followed by a bullish candle the next day, reinforcing the potential reversal. Currently, there's a promising chance for the stock to open above $5. Let´s see what will happen today.