ARL.AX AUSTRALIAN
Ardea Resources
STAY SHORT
Close
0.6200
Prev.Close
0.5900
Change
+0.0300
Change%
+5.08%
BULLISH ENGULFING
Sold at
0.6100
Open
0.5900
High
0.6300
Low
0.5800
Close
0.6200
Loss%
+1.64%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to STAY SHORT. The previous SHORT signal was issued on 20/09/2023, 5 days ago, when the stock price was 0.6100. Since then ARL.AX has risen by +1.64%.
With the bullish pattern detected today candlesticks warned short sellers to be on alert. Market sentiment may be changing in the direction of the bulls. Based on this pattern, in response to emerging market bullishness the system established new confirmation and stop loss levels. The signal tells us to STAY SHORT, but the chance of a bullish confirmation that will change the signal to BUY is quite high. The Delayed Intraday Module is ON. Given the risks involved, we strongly suggest you to follow price movements on an intraday basis.
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal. more...
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