IMG.TO TSE
IAMGOLD
SELL
Close
3.4100
Prev.Close
3.5700
Change
-0.1600
Change%
-4.48%
BEARISH ONE BLACK CROW
Sold at
3.4200
Open
3.5300
High
3.5300
Low
3.3750
Close
3.4100
Gain%
-0.29%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to SELL. The BEARISH ONE BLACK CROW pattern finally received a confirmation because the prices crossed below the confirmation level which was at 3.4400, and our valid average selling price stands now at 3.4200. The previous BUY signal was issued on 29/11/2023, 5 days ago, when the stock price was 3.4700. Since then IMG.TO has fallen by -1.44%.
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 appears in an uptrend and consists of a white candlestick and a black candlestick in which the black candlestick opens below the preceding day’s close and closes below its open. The pattern looks similar to the Bearish Harami pattern. The only difference is that the second day closes lower, which stops the engulfing of the black body by the preceding white body. more...
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