^STNC TSE
S&P/TSX N AMERICAN PREF STOCK IND
BUY
Close
580.96
Prev.Close
579.51
Change
+1.4500
Change%
+0.25%
BULLISH MEETING LINE
Bought at
580.20
Open
579.04
High
584.19
Low
579.04
Close
580.96
Gain%
+0.13%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to BUY. The BULLISH MEETING LINE pattern finally received a confirmation because the values crossed above the confirmation level which was at 579.51, and our valid average buying value stands now at 580.20. The previous SHORT signal was issued on 15/09/2023, 14 days ago, when the index value was 582.14. Since then ^STNC has fallen by -0.33%.
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 occurs during a downtrend. The first day’s black candlestick is followed by a white candlestick that opens sharply lower and closes at the same level as the prior session’s close. It is similar to the Piercing Line pattern. However, the amount the second day rebounds is different. The Piercing Line’s second day closes above the midpoint of the first day’s body, while the second day the Bullish Meeting Line closes the same as the first day. Consequently, the Piercing Line is a more significant bottom reversal. Nonetheless, the Bullish Meeting Line deserves due respect as well. more...
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