The chart above shows how ABR.L
declined after the SELL
signal which was issued on 5/17/2013. Since then, the stock price edged down by a hefty 64.21%. The bearish sentiment may be over now. Our system detected a BULLISH ENGULFING
pattern which may be a sign of a market mood switching from bearish to bullish. This pattern deserves utmost attention because BUY
orders must be placed immediately in case of a confirmation. The BULLISH ENGULFING
pattern, if confirmed, indicates an upside potential of -1.28%. The massive pullback may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!