NMX502040 LSE
FTSE 350 INDUSTRIAL ENGINEERING INDEX
STAY IN CASH
Close
13742
Prev.Close
13889
Change
-147.0000
Change%
-1.06%
BULLISH ENGULFING
Sold at
13834.9
Open
13889
High
13903
Low
13734
Close
13742
Gain%
-0.67%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to STAY IN CASH. The previous SELL signal was issued on 19/09/2023, 2 days ago, when the index value was 13835. Since then NMX502040 has fallen by -0.67%.
The last pattern detected was bullish with positive implications. The overall evidence, however, is saying “Watch Out!” but it is not yet pointing to BUY. The share price is still not above the confirmation level and the signal is suggesting to STAY IN CASH, but the chance of a bullish confirmation that will change the signal to BUY is very high. The Delayed Intraday Module is ON. We strongly suggest you to follow the price action on an intraday basis in order to profit most from the early phase of a bull run.
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal. more...
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