Signal Update
Our system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 541.2900, and our valid average buying price stands now at 544.2300. The previous SHORT signal was issued on 12/14/2021, 3 days ago, when the stock price was 544.1000. Since then DXCM has risen by +0.02%.
Market Outlook
We may be at a market bottom or at the start of a reaction rally. The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.