BB2 Apr 2024 19:36
Signal Update
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 26.78, and our valid average selling price stands now at 14.76. The previous BUY signal was issued on 25/03/2024, 8 days ago, when the stock price was 25.20. Since then SDRY.L has fallen by -41.43%.
Market Outlook
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