ICON BOVESPA
ÍNDICE DE CONSUMO
BUY
Close
2796
Prev.Close
2758
Change
+38.0000
Change%
+1.38%
BULLISH ENGULFING
Bought at
2767.18
Open
2758
High
2819
Low
2758
Close
2796
Gain%
+1.03%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the values crossed above the confirmation level which was at 2758, and our valid average buying value stands now at 2767. The previous SHORT signal was issued on 14/09/2023, 15 days ago, when the index value was 2955. Since then ICON has fallen by -6.34%.
We may be at a market bottom or at the start of a reaction rally. The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.
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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