Our system’s recommendation today is to SELL. The BEARISH DESCENDING HAWK pattern finally received a confirmation because the prices crossed below the confirmation level which was at 502.2500, and our valid average selling price stands now at 501.5000. The previous BUY signal was issued on 18/05/2015, 15 days ago, when the stock price was 480.5000. Since then BMS.L has risen by +4.37%.
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL
signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet. more...