HBLK.TO TSE
Blockchain Technologies ETF Units Class A
SELL
Close
9.7000
Prev.Close
10.15
Change
-0.4500
Change%
-4.43%
BEARISH DESCENDING HAWK
Sold at
10.01
Open
10.05
High
10.05
Low
9.7000
Close
9.7000
Gain%
-3.10%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to SELL. The BEARISH DESCENDING HAWK pattern finally received a confirmation because the prices crossed below the confirmation level which was at 10.15, and our valid average selling price stands now at 10.01. The previous BUY signal was issued on 23/05/2023, 13 days ago, when the stock price was 9.9100. Since then HBLK.TO has risen by +1.01%.
We may be at a market top or at the start of a correction. The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally 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.
This pattern is a small white body contained by a prior relatively long white body. It resembles the Harami pattern, except that both bodies are white. more...
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