SBM.AX AUSTRALIAN
St Barbara
STAY IN CASH
Close
0.1975
Prev.Close
0.1900
Change
+0.0075
Change%
+3.95%
BULLISH ENGULFING
Sold at
0.1900
Open
0.1900
High
0.2000
Low
0.1900
Close
0.1975
Loss%
+3.95%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to STAY IN CASH. The previous SELL signal was issued on 20/09/2023, 5 days ago, when the stock price was 0.1900. Since then SBM.AX has risen by +3.95%.
The market is finally giving hints of a bullish resurgence. Today a bullish pattern is detected. 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 IN CASH, but the chance of a bullish confirmation that will change the signal to BUY is very high. The Delayed Intraday Module is ON. We strongly suggest you to follow the price action on an intraday basis in order to profit most from the early phase of a bull run.
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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