GALP.LS LISBON
Galp Energia SGPS
STAY LONG
Close
10.51
Prev.Close
10.52
Change
-0.0100
Change%
-0.10%
BEARISH MEETING LINE
Bought at
10.01
Open
10.64
High
10.71
Low
10.50
Close
10.51
Gain%
+4.99%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 01/06/2023, 4 days ago, when the stock price was 10.01. Since then GALP.LS has risen by +4.99%.
Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside. Based on this pattern, in response to emerging market bearishness the system established new confirmation and stop loss levels. The signal tells us to STAY LONG, but the chance of a bearish confirmation that will change the signal to <SELL is very high. The Delayed Intraday Module is ON. Given the risks involved, we strongly suggest you to follow price movements on an intraday basis.
This pattern occurs during an uptrend. The first day’s white candlestick is followed by a black candlestick that opens sharply higher and closes at the same level as the prior session’s close. It is similar to the Dark Cloud Cover pattern. However, the amount the second day drops is different. The Dark Cloud Cover’s second day closes below the midpoint of the first day’s body, while the second day the Bearish Meeting Line closes the same as the first day. Consequently, the Dark Cloud Cover is a more significant top reversal. Nonetheless, the Bearish Meeting Line should also be respected. more...
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