Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 10/14/2014, 9 days ago, when the stock price was 427.2462. Since then BMS.L has risen by +4.74%.
Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.