The chart above shows how
NEWM.VI took a negative turn after the
SHORT signal which was issued on 03.02.2023. Since then, the stock price fell down by 7.29%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a
BULLISH DOJI STAR pattern, which may be a sign of a market sentiment switching from bearish to bullish. This pattern deserves utmost attention, because the
SHORT positions must immediately be covered and long positions must be taken, in case of a confirmation. The
BULLISH DOJI STAR pattern, if confirmed, indicates an upside potential of 0.11%. It may turn out to be a good opportunity for bottom fishers, but patience first! Do not forget that confirmation is the prerequisite for any further move!