The chart above shows how
NION.MX dropped after the
SHORT signal which was issued on 16/03/2021. Since then, the stock price edged down by a hefty 14.93%. This brutal bear move, however, may be over now. Our system warned us to cover the
SHORT positions and
BUY this stock. The
BULLISH ENGULFING pattern that led to this bullish signal indicates that there is an upside potential of 18.01%. The signal has just been issued, so it is not late at all to throw the dice for a possible run-up. It is still early to say if this is a bottom or merely a reaction but we are quite confident that it may be one of these rare opportunities for bottom fishers.