CPH.TO TSE
Cipher Pharmaceuticals
STAY LONG
Close
6.2400
Prev.Close
6.3300
Change
-0.0900
Change%
-1.42%
BEARISH SHOOTING STAR
Bought at
5.5400
Open
6.2200
High
6.3800
Low
6.2200
Close
6.2400
Gain%
+12.64%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 20/11/2023, 14 days ago, when the stock price was 5.5400. Since then CPH.TO has risen by +12.64%.
The market is not a friend of the bulls anymore. The bearish signs are increasing and the odds for a downside breakout is non-negligible. The share price is below the confirmation level of the last bearish pattern, but the signal is still suggesting to STAY LONG. The <SELL signal requires a black body whose close is below the confirmation level and the chance of detecting such a black candlestick is high. The Delayed Intraday Module is ON. Given the high risk involved, following the price action on an intraday basis is now essential.
This pattern consists of a white body followed by an Inverted Hammer that is characterized by a long upper shadow and a small body. It is similar in shape to the Bullish Inverted Hammer pattern but unlike it, the Shooting Star appears in an uptrend and signals a bearish reversal. more...
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