ARP.ST STOCKHOLM
Arctic Paper
BUY
Close
38.55
Prev.Close
37.95
Change
+0.6000
Change%
+1.58%
BULLISH ENGULFING
Bought at
38.37
Open
37.65
High
38.95
Low
37.65
Close
38.55
Gain%
+0.47%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed above the confirmation level which was at 38.15, and our valid average buying price stands now at 38.37. The previous SHORT signal was issued on 19.09.2023, 3 days ago, when the stock price was 37.58. Since then ARP.ST has risen by +2.10%.
We may be at a market bottom or at the start of a reaction rally. The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal. more...
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