The chart above shows how
INDEX.ST took a negative turn after the
SHORT signal which was issued on 28.12.2022. Since then, the stock price fell down by 46.78%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a
BULLISH HAMMER pattern, which may be a sign of a market sentiment switching from bearish to bullish. This pattern deserves utmost attention, because the
SHORT positions must immediately be covered and long positions must be taken, in case of a confirmation. The
BULLISH HAMMER pattern, if confirmed, indicates an upside potential of 0.79%. It may turn out to be a good opportunity for bottom fishers, but patience first! Do not forget that confirmation is the prerequisite for any further move!