Signal Update
Our system’s recommendation today is to STAY IN CASH. The previous SELL signal was issued on 12/16/2021, 1 day ago, when the stock price was 27.9100. Since then MODN has risen by +3.33%.
Market Outlook
The market’s bullish enthusiasm is a fact that unfortunately was not forewarned by a bullish pattern. Our previous SELL signal didn't work out. This happens. Sometimes, candlestick patterns falter. We owe you an apology for that, but this is exactly what we have the stop loss mechanism for. The bullish stop loss of the last bearish pattern is triggered today. The current share price is already above the stop loss level, but the signal is still suggesting to STAY IN CASH. The BUY signal requires a white body whose close is above the stop loss level and the chance of detecting such a white candlestick is high. The Delayed Intraday Module is ON. To follow the price action on an intraday basis is now essential, in order to minimize the incurred losses.