GFNORTEO.MX MEXICAN
GRUPO BANORTE
SELL
Close
148.48
Prev.Close
151.25
Change
-2.7700
Change%
-1.83%
BEARISH HARAMI CROSS
Sold at
148.82
Open
150.91
High
151.00
Low
147.91
Close
148.48
Gain%
-0.23%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to SELL. The BEARISH HARAMI CROSS pattern finally received a confirmation because the prices crossed below the confirmation level which was at 149.57, and our valid average selling price stands now at 148.83. The previous BUY signal was issued on 25/05/2023, 5 days ago, when the stock price was 146.17. Since then GFNORTEO.MX has risen by +1.82%.
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.
This is a major bearish reversal pattern, which is even more significant than a regular Bearish Harami. The outline again looks like a pregnant woman, as with the Bearish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a white body followed by a Doji that is completely inside the range of the prior white body. more...
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