RCH.TO (TSX)

RCH.TO TSE

Richelieu Hardware

STAY IN CASH

Close

41.98

Prev.Close

43.80

Change

-1.8200

Change%

-4.16%

BULLISH DOJI STAR

Sold at

45.44

Open

43.21

High

43.50

Low

41.54

Close

41.98

Gain%

-7.61%

Signal History

Date	Price	Signal	Change%		CAD100⇨
23/05	45.44	SELL	-7.6%		134
11/04	37.31	BUY	+21.8%		110
05/04	36.87	SELL	+1.2%		110
31/03	37.00	BUY	-0.4%		111
28/03	36.64	SHORT	+1.0%		113
24/03	36.96	BUY	-0.9%		114
23/02	40.59	SHORT	-8.9%		105
17/02	41.46	BUY	-2.1%		108
09/02	40.94	SELL	+1.3%		109
20/01	37.38	BUY	+9.5%		99
18/01	37.19	SELL	+0.5%		100
12/01	37.77	BUY	-1.5%		101
10/01	37.98	SELL	-0.6%		102
03/01	36.65	BUY	+3.6%		98
19/12	36.77	SELL	-0.3%		99
14/12	37.11	BUY	-0.9%		100

† Trade commissions are taken as 0.25%.

Pattern & Confirmation Chart for the Last 6 Months

Our system’s recommendation today is to STAY IN CASH. The previous SELL signal was issued on 23/05/2023, 13 days ago, when the stock price was 45.44. Since then RCH.TO has fallen by -7.61%.

The bears are in full control. The current price is quite distant from the confirmation level, so the probability of a bullish confirmation is very low. Besides, the signal is suggesting to STAY IN CASH. It is best to follow the signal and calmly wait on the sidelines. The Delayed Intraday Module is OFF.

This pattern appears in a downtrend and warns that the trend will change. It consists of a black candlestick and a Doji with a downward gap at the opening. When the Doji is in the form of an Umbrella the pattern is called “Bullish Dragonfly Doji”, and in case of an Inverted Umbrella it is called “Bullish Gravestone Doji”. Here, all these patterns are subsumed, under the name: “Bullish Doji Star”, regardless of the shape of the Doji. more...

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