CAC TELECOM NR
BUY
Close
1692
Prev.Close
1681
Change
+11.0000
Change%
+0.65%
Bought at
1684.97
Open
1681
High
1697
Low
1675
Close
1692
Gain%
+0.39%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the values crossed above the confirmation level which was at 1681, and our valid average buying value stands now at 1685. The previous SHORT signal was issued on 12-03-2024, 6 days ago, when the index value was 1691. Since then FRTEN has fallen by -0.38%.
Market Outlook
We may be at a market bottom or at the start of a reaction rally. The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.
Pattern Description
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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