^TTHC TSE
S&P/TSX CAPPED HEALTH CARE INDEX
STAY SHORT
Close
23.09
Prev.Close
23.19
Change
-0.1000
Change%
-0.43%
BULLISH ENGULFING
Sold at
24.90
Open
23.19
High
23.32
Low
22.95
Close
23.09
Gain%
-7.29%
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 06/09/2023, 16 days ago, when the index value was 24.91. Since then ^TTHC has fallen by -7.29%.
Bear market rallies may be vicious reversals, giving hard times to those holding short positions; so, it is better to be on alert despite the relative comfort provided by the current bearish trend. There is a bullish pattern to be confirmed, but the share price is still not above its confirmation level and the signal is suggesting to STAY SHORT; however, 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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