The chart above shows how
GALP.LS declined after the
SELL signal which was issued on 16/06/2022. Since then, the stock price edged down by a hefty 9.72%. The bearish sentiment may be over now. Our system detected a
BULLISH ENGULFING pattern which may be a sign of a market mood switching from bearish to bullish. This pattern deserves utmost attention because
BUY orders must be placed immediately in case of a confirmation. The
BULLISH ENGULFING pattern, if confirmed, indicates an upside potential of 6.62%. The massive pullback may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!