The chart above shows how KNX.MI
took a negative turn after the SHORT
signal which was issued on 7/8/2014. Since then, the stock price fell down by 26.55%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH ENGULFING
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 ENGULFING
pattern, if confirmed, indicates an upside potential of 2.79%. 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!