The chart above shows how MXO.L
burst higher after the BUY
signal that was issued on 8/13/2014. Since then, the stock price refused to ease back and recorded a whopping gain of 18.46%. Market’s upward beat, however, is in question now. Our system detected a BEARISH HARAMI CROSS
pattern which may be a sign of a market mood switching from bullish to bearish. This pattern deserves utmost attention, since its confirmation may well mean the end of heady sprint we witnessed so far. The BEARISH HARAMI CROSS
pattern, if confirmed, indicates a downside potential of 27.18%. It is still early to tell if this is a market top or just a correction, but we are confident that this may be a unique opportunity to take profits. However, some patience is required at this point! Do not forget that confirmation is the prerequisite for saying goodbye to the bullish camp!