The chart above shows how BP.MI
displayed a rally after the BUY
signal which was issued on 2/25/2014. Since then, the gain in this stock stretched to a whopping 17.31%. We see, however, enough hints pointing to the fact that the conditions are now ripening for at least a market correction. Our system confirmed this emerging bearish mood by issuing a SELL
signal. The BEARISH ENGULFING
pattern that led to this bearish signal indicates that there is a downside potential of 9.61%. The signal has just been issued, so it is not late to run to safety by selling this stock. It is still early to say if this is a decisive market top or merely a correction but it is evidently the right time to take the profits in order to prevent any disappointment in the future.