The chart above shows how
SFL.MI took a negative turn after the
SHORT signal which was issued on 25-01-2023. Since then, the stock price fell down by 13.92%. 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 5.29%. 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!