Signal Update
Our system’s recommendation today is to SELL. The BEARISH HARAMI pattern finally received a confirmation because the prices crossed below the confirmation level which was at 79.7300, and our valid average selling price stands now at 79.7200. The previous BUY signal was issued on 12/13/2021, 4 days ago, when the stock price was 79.8250. Since then TRNO has fallen by -0.13%.
Market Outlook
We may be at a market top or at the start of a correction. 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.