Signal Update
Our system’s recommendation today is to SELL. The BEARISH STOP LOSS pattern finally received a confirmation because the values crossed below the Stop Loss level which was at 463.6000, and our valid average selling value stands now at 461.6800. The previous BUY signal was issued on 24/03/2023, 6 days ago, when the index value was 468.9000. Since then XIN has fallen by -1.54%.
Market Outlook
The market changed its face while our beloved candlesticks were asleep. Though the system has not yet detected a bearish pattern, the evidence is strong enough to prompt the closing of long positions. The bearish stop loss is confirmed and a
SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.
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