The chart above shows how PEL.MI
declined after the SELL
signal which was issued on 4/11/2014. Since then, the stock price edged down by a hefty 15.38%. The bearish sentiment may be over now. Our system detected a BULLISH PIERCING LINE
pattern which may be a sign of a market mood switching from bearish to bullish. This pattern deserves utmost attention because BUY
orders must be placed immediately in case of a confirmation. The BULLISH PIERCING LINE
pattern, if confirmed, indicates an upside potential of 5.20%. The massive pullback may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!