The chart above shows the bullish rally of
SNGA.MI after the
BUY signal which was issued on 09-03-2023. The stock price edged up with a decent gain of 13.88%. The bullish mood, however, may be over. Our system detected a
BEARISH DESCENDING HAWK pattern which may be a sign of a market sentiment switching from bullish to bearish. This pattern deserves utmost attention because
SHORT positions must be opened immediately in case of a confirmation. The bullish reaction rally may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!